GBP/JPY – 30M – BUY

Besides a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which could be a positive chart signal. The currency pair is likely to rise.

Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Target of the current trend is 215.4925 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance level at 215.825 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Three White Soldiers’ candle chart pattern is found. The chart forms ‘Three White Soldiers’. 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 likelyhood of ‘Three White Soldiers’ heading up is 82%.

215.825 – 216.047 – 215.768 – 215.634 – 215.534 – 215.514 —
215.73800 – 215.20700 —
29.527754903943 – 25.745058752664 —
– —
215.825 – 1777341600

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Three White Soldiers – – – – – – – – –