GBP/JPY – 1H – BUY

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

An ascending movement upwards to the next resistance line at 211.433 is likely expected.

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

Additionally a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish signal. The currency pair is likely to rise.

211.433 – 211.199 – 211.209 – 210.334 – 209.623 – 210.19 —
211.08700 – 211.21000 —
52.672356442837 – 54.99705328428 —
– —
211.433 – 1775073600

Trading Signals: FOREX – GBP – GBP/JPY – JPY – – Symmetrical Triangle Chart Pattern – – – – – – – –