GBP/JPY – 4H – BUYFurthermore a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which is often a bullish signal. The currency pair could go up.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Target of the current trend is 214.847 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 214.847 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Three White Soldiers’ candlestick chart pattern is detected. The candles form ‘Three White Soldiers’. which 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 likelyhood of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 214.847 |
| Current Price | 214.21800 |
| Next Low | 210.038 |
| 2nd Low | 209.606 |
| 3rd Low | 206.761 |
214.847 – 213.487 – 214.285 – 210.038 – 209.606 – 211.583 —
212.48800 – 213.42700 —
57.43992338203 – 66.302834387913 —
– —
214.847 – 1769155200
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Three White Soldiers – – – – – – – – –