GBP/JPY – 30M – BUY

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

A continuation of the bullish trend upwards to the next resistance line at 211.54 will persist.

Caution: A possible trend reversal in the direction of the support level at 210.601 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘StochRSI %K line crosses above %D line’ indicator signal is discovered. The indicator shows ‘StochRSI %K line crosses above %D line’. this is usually a bullish chart signal. The currency pair is likely to rise.

Moreover a ‘Three White Soldiers’ candle chart pattern is existing. The candles show ‘Three White Soldiers’. which is a bullish signal. The currency 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%.

211.54 – 210.987 – 210.613 – 210.601 – 210.253 – 209.777 —
211.98100 – 211.91200 —
64.099688268119 – 56.059901757393 —
– —
211.54 – 1772838000

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