GBP/JPY – 30M – BUY

Moreover a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. which could be a positive chart scenario. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 1-Level.Continuation of the current ascending trend is expected. Target of the current trend is 211.244892 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the resistance zone at 212.341 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Bearish SBS White Lines’ candlestick chart pattern is detected. The candles show ‘Bearish SBS White Lines’. this is a bearish chart scenario. 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’ heading down is 56% (Bull Market) & 57% (Bear Market).

212.341 – 212.721 – 212.482 – 210.843 – 211.771 – 211.946 —
211.51800 – 211.41400 —
40.563708910024 – 39.072996319044 —
– —
212.341 – 1773892800

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