GBP/JPY – 30M – BUY

Moreover a ‘StochRSI %K crosses above 0.2’ indicator signal is detected. The indicator is ‘StochRSI %K crosses above 0.2’. which is often a bullish chart signal. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is expected. Target of the current trend is 215.346 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance line at 215.447 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Concealing Baby Swallow’ candlestick pattern is existing. The candles show ‘Concealing Baby Swallow’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Concealing Baby Swallow’ going down is 75% (Bull Market).

215.447 – 215.407 – 216.064 – 214.795 – 214.628 – 214.648 —
215.35500 – 215.26500 —
56.826900755803 – 40.268216087014 —
– —
215.447 – 1783056600

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Concealing Baby Swallow – – – – – – – – –