GBP/JPY – 1H – BUY

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

A bullish ascent up to the next resistance level at 215.447 is likely expected.

Caution: A possible reversal of the trend in the direction of the support level at is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart scenario. The currency pair is likely to rise.

There is also a ‘Three White Soldiers’ candlestick chart pattern is detected. The candles show ‘Three White Soldiers’. which is a positive 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’ heading up is 82%.

215.447 – 216.064 – 215.77 – 214.70600 – 214.628 – 215.106 —
215.39700 – 215.32200 —
43.064625092075 – 51.443983369133 —
214.70600 – 1783069200 —
215.447 – 1783054800

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Three White Soldiers – Symmetrical Triangle Chart Pattern – – – – – – – –