GBP/JPY – 30M – BUY

Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish chart signal. The currency pair could go up.

Next a ‘MACD crosses above signal’ indicator layout is found. The indicator is ‘MACD crosses above signal’. this is usually a bullish chart signal. The currency pair could go up.

Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Current target is 215.227602 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the resistance zone at 215.518 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Three Outside Up’ candle pattern is found. The candles form ‘Three Outside Up’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

215.518 – 215.313 – 214.995 – 214.418 – 214.663 – 214.161 —
214.98300 – 214.84500 —
41.302445147188 – 35.77025243783 —
– —
215.518 – 1780425000

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Three Outside Up – – – – – – – – –