Buy GBP/JPY – 30M – BUY

The combination British Pound/Japanese Yen (GBP/JPY) breaks through the bullish trendline up.

A continuation of the upward movement upwards to the next resistance line at 193.49300 is likely expected.

Caution: A possible change in the direction of the support zone at 192.34300 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Three White Soldiers’ candle chart pattern is found. The chart shows ‘Three White Soldiers’. which is a positive 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%.

Support & Resistance Price Range*
3rd High 195.76700
2nd High 193.74200
Next High 193.49300
Current Price 193.27100
Next Low 192.34300
2nd Low 190.65700
3rd Low 190.31400

193.49300 – 191.66300 – 191.26600 – 192.34300 – 190.65700 – 190.31400

Download GBP/JPY Signal Image

Trading Signals:

Forex and Crypto Live Trading Signals - MyLiveSignals