GBP/JPY – 30M – BUYThe currency pair British Pound/Japanese Yen (GBP/JPY) breaks through the bearish trendline up.
The bullish trend up to the next resistance at 194.62100 is likely expected.
Caution: A possible reversal of the trend in the direction of the support line at 192.52800 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Three White Soldiers’ candle chart pattern is discovered. The chart shows ‘Three White Soldiers’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 196.41700 |
| 2nd High | 194.80200 |
| Next High | 194.62100 |
| Current Price | 193.57800 |
| Next Low | 192.52800 |
| 2nd Low | 191.73000 |
| 3rd Low | 190.40600 |
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Three White Soldiers