Buy GBP/JPY – 1H – BUY

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

The bullish trend up to the next resistance at 189.19900 is expected.

Caution: A possible change in the direction of support at 186.57400 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive chart signal. The currency pair could go up.

In addition a ‘Three Outside Up’ candlestick chart pattern is found. The candles form ‘Three Outside Up’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

In addition a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which could be a positive chart signal. The currency pair could go up.

Support & Resistance Price Range*
3rd High 190.08600
2nd High 189.82100
Next High 189.19900
Current Price 189.49600
Next Low 186.57400
2nd Low 186.02000
3rd Low 184.37000

189.19900 – 188.52000 – 189.82100 – 186.57400 – 186.02000 – 184.37000

Download GBP/JPY Signal Image

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