GBP/JPY – 1H – BUY

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

The bullish trend up to the next resistance at 211.209 is likely expected.

Caution: A possible counter-trend in the direction of support at 210.19 could happen.
Consider stop-loss settings accordingly.

Also there is a ‘StochRSI %K line crosses above %D line’ indicator layout is discovered. The indicator shows ‘StochRSI %K line crosses above %D line’. this is usually a bullish signal. The currency pair is likely to rise.

Also there is a ‘Three Outside Up’ candlestick pattern is discovered. The chart shows ‘Three Outside Up’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

211.209 – 213.092 – 213.303 – 210.19 – 212.223 – 212.585 —
210.95800 – 210.09400 —
45.177454303602 – 27.139827521724 —
– —
211.209 – 1774929600

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Three Outside Up – – – – – – – – –