GBP/JPY – 30M – BUY

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

A continuation of the uptrend up to the next resistance line at 212.781 is certain.

Caution: A possible trend reversal in the direction of the support level at 211.973 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which is often a bullish chart signal. The currency pair could go up.

Moreover a ‘Three White Soldiers’ candle pattern is detected. The chart forms ‘Three White Soldiers’. this is a bullish pattern 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’ going up is 82%.

212.409 – 212.177 – 211.54 – 211.973 – 211.589 – 210.601 —
212.09300 – 212.26800 —
48.758913998124 – 61.296816191737 —
– —
212.409 – 1773165600

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