GBP/JPY – 30M – BUY

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

A continuation of the upward movement upwards to the next resistance at 212.075 will continue.

Caution: A possible counter-trend in the direction of the support level at 210.539 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘%K cross above 0.2’ indicator signal is detected. The indicator is ‘%K cross above 0.2’. which could be a positive signal. The currency pair is likely to rise.

211.598 – 211.043 – 211.155 – 210.539 – 210.296 – 210.796 —
212.02400 – 211.70000 —
66.048983951515 – 53.221717325079 —
– —
211.59800 – 1767952800

Trading Signals: FOREX – GBP – GBP/JPY – JPY – – Inverse Head and Shoulder chart pattern – – – – – – – –