GBP/JPY – 1H – BUY

The combination British Pound/Japanese Yen (GBP/JPY) jumps from the bullish trendline up.

A continuation of the uptrend up to the next resistance line at 214.999 is expected.

Caution: A possible counter-trend in the direction of the support level at 211.279 could occur.
Consider stop-loss settings accordingly.

Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Current target is 213.937346 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the resistance level at 214.999 could occur.
Consider stop-loss settings accordingly.

Besides a ‘Three White Soldiers’ candlestick pattern is existing. The candles show ‘Three White Soldiers’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ heading up is 82%.

214.999 – 212.822 – 212.157 – 213.673 – 211.279 – 211.489 —
212.66000 – 212.42600 —
36.414001232776 – 41.211207220444 —
– —
214.999 – 1770213600

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