GBP/JPY – 1H – BUY

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

A bullish movement up to the next resistance line at 213.115 will continue.

Caution: A possible change in the direction of support at 212.267 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Three White Soldiers’ candle pattern is detected. The chart forms ‘Three White Soldiers’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ going up is 82%.

213.115 – 214.218 – 214.065 – 212.267 – 210.758 – 211.938 —
213.01700 – 212.63300 —
54.008814221017 – 44.278198109231 —
– —
213.115 – 1778158800

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