GBP/JPY – 30M – BUY

There is also a ‘Double bottom chart pattern’ chart formation is discovered. The formation shows ‘Double bottom chart pattern’. this is a bullish chart scenario. The pair is likely to go up.

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

An ascent upwards to the next resistance level at 199.22600 will continue.

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

There is also a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive chart signal. The pair is likely to go up.

There is also a ‘Bullish Belt Hold’ candlestick pattern is discovered. The candles form ‘Bullish Belt Hold’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).

199.22600 – 199.44000 – 199.25000 – 198.40600 – 198.11900 – 197.85400 — 58.8878517681 – 66.48110814041 — 78.229312997525 – 82.015519432738 – 71.807478761121 – 78.106673802038

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Bullish Belt Hold – Double bottom chart pattern – –