GBP/JPY – 1H – BUY

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

A continuation of the upward movement upwards to the next resistance at 215.77 is certain.

Caution: A possible counter-trend in the direction of support at 214.202 should always be considered.
Consider stop-loss settings accordingly.

And also a ‘Three White Soldiers’ chart pattern is discovered. The candles form ‘Three White Soldiers’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ going up is 82%.

215.77 – 215.027 – 213.81 – 214.202 – 213.332 – 213.203 —
215.46400 – 215.77100 —
60.254563130254 – 62.408040194234 —
– —
215.77 – 1782842400

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