GBP/JPY – 30M – BUY

The pair British Pound/Japanese Yen (GBP/JPY) breaks through the bearish trendline upwards

The bullish trend up to the next resistance line at 191.28000 is certain.

Caution: A possible counter-trend in the direction of the support zone at 188.07200 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend is certain. Target of the current trend is 191.393636 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the resistance level at 191.28000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Three White Soldiers’ candlestick pattern is discovered. The chart forms ‘Three White Soldiers’. which 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 White Soldiers’ going up is 82%.

Download GBP/JPY Signal Image

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