GBP/JPY – 30M – BUY

There is also a ‘StochRSI %K crosses above 0.2’ indicator signal is discovered. The indicator is ‘StochRSI %K crosses above 0.2’. this is usually a bullish chart scenario. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is considered certain. Current target is 215.23 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of resistance at 214.998 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Below The Stomach’ chart pattern is detected. The candles show ‘Below The Stomach’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Below The Stomach’ going down is 60% (Bull Market) & 65% (Bear Market).

214.998 – 214.934 – 214.859 – 214.302 – 214.557 – 213.863 —
215.27800 – 215.09400 —
61.647340208645 – 47.013797746038 —
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214.998 – 1781249400

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Below The Stomach – – – – – – – – –