GBP/JPY – 1H – BUY

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

A continuation of the bullish trend up to the next resistance level at 215.23 is considered certain.

Caution: A possible trend reversal in the direction of the support line at 214.302 could occur.
Consider stop-loss settings accordingly.

Next a ‘StochRSI Hidden Bullish Divergence’ indicator layout is existing. The indicator is ‘StochRSI Hidden Bullish Divergence’. In der Regel bedeutet das ein positives chart signal. Das Paar tendiert eventuell nach oben.

Next a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. this is usually a bullish signal. The currency pair could go up.

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

214.998 – 214.934 – 215.23 – 214.302 – 213.863 – 214.324 —
215.22400 – 215.07300 —
58.676958265134 – 49.028569045958 —
– —
214.998 – 1781247600

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