GBP/JPY – 1H – BUY

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

A continuation of the upward movement upwards to the next resistance line at 212.177 will continue.

Caution: A possible change in the direction of the support level at 211.589 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Three White Soldiers’ candle chart pattern is existing. The chart shows ‘Three White Soldiers’. this is a bullish pattern 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%.

212.177 – 211.54 – 210.987 – 211.589 – 209.176 – 209.481 —
212.21800 – 212.51100 —
58.868488888509 – 66.805604846984 —
– —
212.177 – 1773093600

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