GBP/JPY – 1H – BUY

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

The bullish trend upwards to the next resistance line at 215.655 is considered certain.

Caution: A possible change in the direction of the support zone at 214.915 could happen.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘MACD crosses above signal’ indicator signal is detected. The indicator is ‘MACD crosses above signal’. which could be a positive chart scenario. The currency pair is likely to rise.

And also a ‘Bullish Belt Hold’ chart pattern is existing. The chart shows ‘Bullish Belt Hold’. 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 success rate of a ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).

215.655 – 215.414 – 215.084 – 214.915 – 214.592 – 213.997 —
215.33100 – 215.46300 —
51.600251023464 – 57.076987549929 —
– —
215.655 – 1776859200

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Bullish Belt Hold – – – – – – – – –