GBP/JPY – 30M – BUY

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

A bullish trend upwards to the next resistance at 197.74800 will persist.

Caution: A possible change in the direction of the support zone at should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish chart scenario. The pair is likely to go up.

Also there is a ‘Northern Doji’ candle chart pattern is discovered. The candles form ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

197.74800 – 198.00400 – 198.74400 – 196.27200 – 197.18400 – 197.21000

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Northern Doji –