GBP/JPY – 30M – BUY

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

A bullish ascent up to the next resistance line at 215.246 is likely expected.

Caution: A possible counter-trend in the direction of support at 214.938 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish chart scenario. The currency pair could go up.

Also there is a ‘StochRSI %K line crosses above %D line’ indicator signal is existing. The indicator shows ‘StochRSI %K line crosses above %D line’. this is usually a bullish chart scenario. The currency pair could go up.

Also there is a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. this is usually a bullish signal. The pair is likely to go up.

Also there is a ‘Three Outside Up’ candlestick chart pattern is existing. The candles show ‘Three Outside Up’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

215.246 – 215.726 – 215.533 – 214.938 – 214.883 – 215.064 —
215.31300 – 215.20700 —
62.144022249914 – 47.230806231791 —
– —
215.246 – 1777006800

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