GBP/JPY – 4H – BUY

The combination British Pound/Japanese Yen (GBP/JPY) jumps from the ascending trendline upwards

A continuation of the bullish trend upwards to the next resistance line at 214.847 will continue.

Caution: A possible change in the direction of the support line at is also possible.
Consider stop-loss settings accordingly.

Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish chart signal. The currency pair is likely to rise.

Furthermore a ‘Three White Soldiers’ candle pattern is found. The candles form ‘Three White Soldiers’. which is a positive 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%.

214.847 – 213.487 – 214.285 – 211.583 – 210.648 – 210.296 —
214.61600 – 211.07000 —
47.427635078923 – 38.077460300417 —
– —
214.84700 – 1769155200

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Three White Soldiers – – – – – – – – –