GBP/JPY – 30M – BUYCorrection of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Current target is 209.239806 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 209.219 could happen.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Three White Soldiers’ chart pattern is existing. The candles form ‘Three White Soldiers’. which is a positive pattern signal. The 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 | 210.511 |
| 2nd High | 209.683 |
| Next High | 209.219 |
| Current Price | 208.72900 |
| Next Low | 208.215 |
| 2nd Low | 208.076 |
| 3rd Low | 207.612 |
209.219 – 209.683 – 208.939 – 208.215 – 208.38 – 208.076 —
208.48800 – 208.61900 —
33.933491166011 – 45.885693534533 —
– —
209.219 – 1771849800
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Three White Soldiers – – – – – – – – –