GBP/JPY – 1H – SELL

The currency pair British Pound/Japanese Yen (GBP/JPY) moves from the bearish trendline down.

A continuation of the bearish trend downwards to the next support at 195.35600 is likely expected.

Caution: A possible change in the direction of the resistance level at 198.09900 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Northern Doji’ candlestick pattern is existing. The candles show ‘Northern Doji’. which is a positive signal. The currency pair is likely to rise. 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).

198.09900 – 197.54600 – 197.55000 – 195.35600 – 196.27200 – 197.21000

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Northern Doji – Triple top chart pattern