GBP/JPY – 30M – BUYThe currency pair British Pound/Japanese Yen (GBP/JPY) breaks through the bearish trendline up.
A bullish trend up to the next resistance at 211.598 is expected.
Caution: A possible counter-trend in the direction of support at 210.539 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ” indicator signal is found. The indicator shows ”. which is often a bullish chart signal. The currency pair could go up.
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And also a ‘MACD crosses above signal’ indicator signal is found. The indicator shows ‘MACD crosses above signal’. which is often a bullish chart signal. The currency pair could go up.
And also a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. this is usually a bullish chart signal. The currency pair could go up.
And also a ‘Three Outside Up’ candlestick pattern is detected. The chart shows ‘Three Outside Up’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 212.075 |
| 2nd High | 211.75 |
| Next High | 211.598 |
| Current Price | 211.85300 |
| Next Low | 210.539 |
| 2nd Low | 210.296 |
| 3rd Low | 210.251 |
211.598 – 211.043 – 211.155 – 210.539 – 210.296 – 210.796 —
211.50100 – 211.58500 —
69.841731085258 – 61.575830313283 —
– —
211.59800 – 1767952800
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Three Outside Up – Double top chart pattern – – – – – – – –