GBP/JPY – 30M – BUY

Additionally a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. this is usually a bullish chart signal. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 206.245952 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of resistance at 206.042 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Bullish Belt Hold’ candlestick chart pattern is existing. The chart shows ‘Bullish Belt Hold’. this 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 ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).

205.32 – 206.042 – 206.852 – 204.284 – 204.372 – 205.575 —
205.63300 – 205.59500 —
55.337748663717 – 55.748139136955 —
– —
205.32000 – 1763742600

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Bullish Belt Hold – – – – – – – – –