GBP/JPY – 1H – BUY

The combination British Pound/Japanese Yen (GBP/JPY) jumps from the bullish trendline upwards

A continuation of the uptrend upwards to the next resistance line at 214.998 will persist.

Caution: A possible counter-trend in the direction of the support zone at 213.863 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish chart scenario. The pair is likely to go up.

Additionally a ‘StochRSI %K line crosses above %D line’ indicator signal is detected. The indicator is ‘StochRSI %K line crosses above %D line’. this is usually a bullish chart scenario. The pair is likely to go up.

Additionally a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. which is often a bullish chart signal. The currency pair could go up.

Additionally a ‘Bullish Belt Hold’ chart pattern is existing. The candles form ‘Bullish Belt Hold’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).

214.998 – 214.934 – 215.23 – 213.863 – 214.324 – 214.306 —
214.88300 – 214.85500 —
52.85028447057 – 47.872711393104 —
– —
214.998 – 1781247600

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