GBP/JPY – 30M – BUY

The combination British Pound/Japanese Yen (GBP/JPY) breaks through the descending trendline up.

A bullish ascent upwards to the next resistance at 212.768 will persist.

Caution: A possible change in the direction of the support level at 211.938 is also possible.
Consider stop-loss settings accordingly.

And also a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. which could be a positive chart signal. The currency pair could go up.

And also a ‘Bearish SBS White Lines’ candle chart pattern is found. The candles form ‘Bearish SBS White Lines’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).

212.768 – 213.104 – 213.617 – 211.938 – 212.546 – 211.771 —
212.64800 – 212.73100 —
45.159949859364 – 44.055108108998 —
– —
212.768 – 1777950000

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Bearish SBS White Lines – Rising Wedge Chart Pattern – – – – – – – –