GBP/JPY – 30M – BUY

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

The bullish trend up to the next resistance level at 213.115 is likely expected.

Caution: A possible counter-trend in the direction of the support level at 212.334 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘StochRSI %K line crosses above %D line’ indicator layout is existing. The indicator shows ‘StochRSI %K line crosses above %D line’. this is usually a bullish signal. The currency pair is likely to rise.

Next a ‘Three White Soldiers’ candle pattern is discovered. The chart forms ‘Three White Soldiers’. this is a bullish pattern 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 ‘Three White Soldiers’ going up is 82%.

213.115 – 212.729 – 212.767 – 212.334 – 212.393 – 212.267 —
212.68900 – 212.61900 —
41.366045284989 – 41.621091313284 —
– —
213.115 – 1778158800

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