GBP/JPY – 1H – BUY

Also there is a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish chart signal. The pair is likely to go up.

Also there is a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. which is often a bullish signal. The currency pair is likely to rise.

Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend will persist. Current target is 212.226224 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of resistance at 212.822 could be enabled.
Consider stop-loss settings accordingly.

Also there is a ‘Three Outside Up’ chart pattern is discovered. The candles form ‘Three Outside Up’. 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 ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

212.822 – 212.157 – 212.022 – 211.489 – 210.038 – 211.321 —
212.66600 – 211.86800 —
61.388150233399 – 40.626597410026 —
– —
212.82200 – 1769990700

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Three Outside Up – Head and Shoulder chart pattern – – – – – – – –