GBP/JPY – 1H – BUY

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

A continuation of the bullish trend upwards to the next resistance level at 210.55900 is likely expected.

Caution: A possible counter-trend in the direction of the support line at 209.481 could be enabled.
Consider stop-loss settings accordingly.

Furthermore a ‘StochRSI %K line crosses above %D line’ indicator signal is discovered. The indicator is ‘StochRSI %K line crosses above %D line’. which could be a positive signal. The pair is likely to go up.

Furthermore a ‘Three White Soldiers’ candlestick chart pattern is detected. The candles form ‘Three White Soldiers’. which is a positive 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%.

210.55900 – 210.724 – 211.376 – 209.481 – 209.213 – 209.039 —
210.55900 – 209.83800 —
52.534128296927 – 44.605573190668 —
210.55900 – 1772629200 —
– 1772629200

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