GBP/JPY – 1H – BUY

The combination British Pound/Japanese Yen (GBP/JPY) breaks through the ascending trendline upwards

A continuation of the uptrend upwards to the next resistance level at 214.999 is considered certain.

Caution: A possible trend reversal in the direction of support at 211.597 is within the realm of possibility.
Consider stop-loss settings accordingly.

Besides a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. which could be a positive chart signal. The pair is likely to go up.

Besides a ‘Three White Soldiers’ candle chart pattern is discovered. The candles form ‘Three White Soldiers’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ heading up is 82%.

214.999 – 212.822 – 212.157 – 211.597 – 213.673 – 211.279 —
212.99600 – 213.67400 —
54.434410798586 – 61.328115079712 —
– —
214.999 – 1770213600

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