GBP/JPY – 1H – BUY

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

A bullish ascent upwards to the next resistance line at 213.617 will persist.

Caution: A possible trend reversal in the direction of the support level at 211.938 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Three White Soldiers’ chart pattern is discovered. The chart shows ‘Three White Soldiers’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ going up is 82%.

213.617 – 214.039 – 216.592 – 211.938 – 211.801 – 210.44 —
212.76800 – 212.87800 —
45.108750567032 – 52.445876900943 —
– —
213.617 – 1777874400

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