GBP/JPY – 1H – BUY

The combination British Pound/Japanese Yen (GBP/JPY) goes from the ascending trendline upwards

A continuation of the upward movement up to the next resistance at 198.00400 is likely expected.

Caution: A possible change in the direction of the support level at is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish signal. The currency pair is likely to rise.

And also a ‘Northern Doji’ candle pattern is found. The chart shows ‘Northern Doji’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

198.00400 – 198.74400 – 198.80000 – 197.21000 – 197.70300 – 197.03800

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