GBP/JPY – 1H – BUY

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

The bullish trend upwards to the next resistance line at 215.447 is certain.

Caution: A possible counter-trend in the direction of the support level at 214.628 should always be considered.
Consider stop-loss settings accordingly.

There is also a ‘Three White Soldiers’ candlestick chart pattern is existing. The chart shows ‘Three White Soldiers’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ heading up is 82%.

215.447 – 216.064 – 215.77 – 214.628 – 215.106 – 214.202 —
215.35500 – 215.23200 —
52.807006497174 – 47.059006571344 —
– —
215.447 – 1783054800

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