GBP/JPY – 30M – BUY

The pair British Pound/Japanese Yen (GBP/JPY) breaks through the bearish trendline upwards

An ascent upwards to the next resistance line at 210.511 is expected.

Caution: A possible counter-trend in the direction of the support level at 208.972 is within the realm of possibility.
Consider stop-loss settings accordingly.

Then a ‘Three White Soldiers’ candle pattern is detected. The candles show ‘Three White Soldiers’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ going up is 82%.

210.511 – 212.781 – 213.719 – 208.972 – 212.156 – 212.115 —
209.47800 – 208.50500 —
34.411571658818 – 30.783273314794 —
– —
210.511 – 1770823800

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Three White Soldiers – Double top chart pattern – – – – – – – –