GBP/JPY – 30M – BUY

Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish chart signal. The pair is likely to go up.

Moreover a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. this is usually a bullish chart signal. The currency pair is likely to rise.

Correction of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend is certain. Target of the current trend is 204.52 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of resistance at 204.293 could happen.
Consider stop-loss settings accordingly.

Moreover a ‘Northern Doji’ candle pattern is found. The chart shows ‘Northern Doji’. which is a bullish signal. The currency pair is likely to rise. 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).

204.293 – 204.52 – 203.602 – 203.127 – 202.34 – 202.631 —
204.20600 – 204.04200 —
51.363892693945 – 34.49945612993 —
– —
204.29300 – 1763431200

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