GBP/JPY – 1H – BUY

Besides a ‘Double top retreat up’ chart pattern is existing. The chart picture forms ‘Double top retreat up’. which is a bullish pattern signal. The currency pair is likely to rise.

Besides a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. this is usually a bullish signal. The pair is likely to go up.

Besides a ‘Bullish Engulfing’ candlestick pattern is found. The candles show ‘Bullish Engulfing’. 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 chance of ‘Bullish Engulfing’ going up is 63%.

212.157 – 212.022 – 211.215 – 211.321 – 210.063 – 210.064 —
211.90700 – 211.51300 —
53.702863897935 – 52.267529321196 —
– —
212.15700 – 1769680800

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Bullish Engulfing – Double top retreat up – – – – – – – –