Buy GBP/JPY – 1H – BUY

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

A continuation of the bullish trend up to the next resistance level at 193.74200 will continue.

Caution: A possible counter-trend in the direction of the support zone at 192.34300 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Three White Soldiers’ candlestick pattern is found. The chart forms ‘Three White Soldiers’. which is a bullish chart scenario. The currency pair is likely to go up. 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 195.96900
2nd High 195.76700
Next High 193.74200
Current Price 194.78500
Next Low 192.34300
2nd Low 190.65700
3rd Low 190.31400

193.49300 – 191.66300 – 192.62900 – 192.34300 – 190.65700 – 190.31400

Download GBP/JPY Signal Image

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