GBP/JPY – 30M – BUY

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

A continuation of the bullish trend upwards to the next resistance level at 204.737 will persist.

Caution: A possible reversal of the trend in the direction of the support level at 203.975 could happen.
Consider stop-loss settings accordingly.

Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish signal. The pair is likely to go down.

Then a ‘%K crosses below %D’ indicator layout is existing. The indicator is ‘%K crosses below %D’. this is usually a bearish signal. The pair is likely to go down.

Then a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which could be a positive signal. The currency pair could go up.

Then a ‘Northern Doji’ candlestick pattern is found. The chart shows ‘Northern Doji’. which is a bullish pattern signal. The currency 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).

204.737 – 204.293 – 204.52 – 203.975 – 203.883 – 203.69 —
204.10800 – 204.50400 —
36.603731607519 – 54.309624202607 —
– —
204.73700 – 1763497800

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