GBP/JPY – 1H – BUY

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

A continuation of the bullish trend up to the next resistance at 200.26400 will persist.

Caution: A possible counter-trend in the direction of support at 199.37400 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. which could be a positive chart signal. The currency pair could go up.

And also a ‘Northern Doji’ candlestick pattern is found. The chart shows ‘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 chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

200.26400 – 199.99500 – 200.16100 – 199.37400 – 198.90600 – 198.58900 — 45.679545578659 – 47.832332949725 — 6.6811632904793 – 19.619163987101 – 15.016133718888 – 13.384806958044

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