GBP/JPY – 1H – BUY

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Current target is 215.140128 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the resistance zone at 216.592 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Three White Soldiers’ chart pattern is detected. The candles form ‘Three White Soldiers’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ heading up is 82%.

216.592 – 216.271 – 216.047 – 210.44 – 215.479 – 214.941 —
213.06900 – 213.21400 —
31.17351212529 – 39.326815495522 —
– —
216.592 – 1777543200

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Three White Soldiers – – – – – – – – –