GBP/JPY – 30M – BUY

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

An ascending movement up to the next resistance at 218.939 is expected.

Caution: A possible change in the direction of the support level at could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish signal. The currency pair could go up.

Then a ‘MACD crosses above signal’ indicator signal is found. The indicator shows ‘MACD crosses above signal’. which is often a bullish signal. The currency pair could go up.

Then a ‘Three White Soldiers’ chart pattern is found. The chart forms ‘Three White Soldiers’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ going up is 82%.

218.939 – 219.396 – 219.528 – 218.668 – 218.844 – 219.192 —
218.36700 – 218.21300 —
33.8816925363 – 33.652725832861 —
– —
218.939 – 1784260800

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