GBP/JPY – 30M – BUY

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

A continuation of the upward movement upwards to the next resistance level at 212.106 will continue.

Caution: A possible trend reversal in the direction of the support line at 210.314 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

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

Moreover a ‘Bearish SBS White Lines’ candlestick chart pattern is discovered. The candles show ‘Bearish SBS White Lines’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish SBS White Lines’ going down is 56% (Bull Market) & 57% (Bear Market).

211.512 – 211.535 – 211.38 – 210.314 – 210.334 – 209.704 —
211.39500 – 211.66500 —
55.058495726504 – 59.624888532227 —
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211.512 – 1775534400

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