GBP/JPY – 4H – BUY

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

An ascending movement upwards to the next resistance line at 215.23 is certain.

Caution: A possible trend reversal in the direction of support at 213.863 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Bearish SBS White Lines’ candle chart pattern is existing. The candles form ‘Bearish SBS White Lines’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish SBS White Lines’ going down is 56% (Bull Market) & 57% (Bear Market).

215.23 – 215.606 – 215.518 – 213.863 – 212.924 – 213.32 —
214.99800 – 215.36800 —
57.194087355255 – 54.249173676572 —
– —
215.23 – 1781107200

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Bearish SBS White Lines – Rising Wedge Chart Pattern – – – – – – – –