GBP/JPY – 1H – BUY

And also a ‘Double bottom chart pattern’ chart formation is existing. The chart picture shows ‘Double bottom chart pattern’. which is a positive chart scenario. The currency pair is likely to rise.

And also a ‘StochRSI %K line crosses above %D line’ indicator signal is discovered. The indicator shows ‘StochRSI %K line crosses above %D line’. which is often a bullish chart scenario. The pair is likely to go up.

And also a ‘Three Outside Up’ candle pattern is discovered. The candles form ‘Three Outside Up’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

209.324 – 209.544 – 210.511 – 208.039 – 207.551 – 207.628 —
208.57500 – 209.00400 —
48.952029415381 – 55.854955261357 —
– —
209.324 – 1770976800

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Three Outside Up – Double bottom chart pattern – – – – – – – –