GBP/JPY – 30M – BUY

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

A bullish movement up to the next resistance line at 212.866 is certain.

Caution: A possible change in the direction of the support level at 210.914 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. which is often a bullish signal. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 1-Level.Continuation of the current ascending trend is certain. Current target is 211.42439 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of resistance at 212.866 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Bullish Tri-Star’ candlestick chart pattern is discovered. The chart shows ‘Bullish Tri-Star’. 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 likelyhood of ‘Bullish Tri-Star’ heading up is 60% (Bull Market) & 55% (Bear Market).

212.866 – 212.867 – 213.299 – 210.914 – 211.088 – 212.393 —
211.57400 – 211.06800 —
57.17440093745 – 35.67223715297 —
– —
212.866 – 1773387000

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Bullish Tri-Star – – – – – – – – –