GBP/JPY – 1H – BUY

The combination British Pound/Japanese Yen (GBP/JPY) moves from the ascending trendline up.

A continuation of the bullish trend upwards to the next resistance line at 214.218 is certain.

Caution: A possible counter-trend in the direction of the support level at 210.758 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Bearish SBS White Lines’ candlestick pattern is discovered. The chart forms ‘Bearish SBS White Lines’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).

214.218 – 214.065 – 213.617 – 210.758 – 211.938 – 211.801 —
212.52700 – 212.73600 —
37.02343373204 – 41.690288208513 —
– —
214.218 – 1778047200

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Bearish SBS White Lines – – – – – – – – –