GBP/JPY – 1H – BUY

The pair British Pound/Japanese Yen (GBP/JPY) breaks through the bearish trendline upwards

The bullish trend upwards to the next resistance at 214.065 will persist.

Caution: A possible change in the direction of the support line at 211.938 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ” indicator layout is detected. The indicator shows ”. which could be a positive chart scenario. The currency pair could go up.

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Also there is a ‘StochRSI %K line crosses above %D line’ indicator layout is detected. The indicator shows ‘StochRSI %K line crosses above %D line’. which could be a positive chart scenario. The currency pair could go up.

Also there is a ‘Bullish Belt Hold’ chart pattern is discovered. The chart forms ‘Bullish Belt Hold’. which is a bullish 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 ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).

214.065 – 213.617 – 214.039 – 211.938 – 211.801 – 210.44 —
214.05000 – 214.02000 —
69.328179905866 – 67.462574031295 —
– —
214.065 – 1778004000

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Bullish Belt Hold – – – – – – – – –