GBP/JPY – 30M – BUY

The currency pair British Pound/Japanese Yen (GBP/JPY) jumps from the ascending trendline upwards

A continuation of the uptrend up to the next resistance line at 215.407 will persist.

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

Moreover a ‘StochRSI %K line crosses above %D line’ indicator layout is detected. The indicator is ‘StochRSI %K line crosses above %D line’. which could be a positive chart signal. The currency pair could go up.

Moreover a ‘Bullish Tri-Star’ candle pattern is discovered. The chart forms ‘Bullish Tri-Star’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Tri-Star’ heading up is 60% (Bull Market) & 55% (Bear Market).

215.407 – 216.064 – 215.934 – 214.628 – 214.648 – 215.641 —
214.99300 – 215.07700 —
39.833146353138 – 45.090785235718 —
– —
215.407 – 1783015200

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Bullish Tri-Star – – – – – – – – –