GBP/JPY – 1H – BUY

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

A continuation of the upward movement up to the next resistance at 211.54 is likely expected.

Caution: A possible reversal of the trend in the direction of the support level at 209.176 should always be considered.
Consider stop-loss settings accordingly.

Furthermore a ‘Bearish SBS White Lines’ chart pattern is found. The chart shows ‘Bearish SBS White Lines’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish SBS White Lines’ going down is 56% (Bull Market) & 57% (Bear Market).

211.54 – 210.987 – 210.613 – 209.176 – 209.481 – 209.213 —
211.82400 – 212.09100 —
65.28344597828 – 63.578997027652 —
– —
211.54 – 1772838000

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Bearish SBS White Lines – – – – – – – – –