GBP/JPY – 30M – BUY

Next 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 pair is likely to go up.

Next a ‘MACD crosses above signal’ indicator signal is discovered. The indicator shows ‘MACD crosses above signal’. which is often a bullish signal. The pair is likely to go up.

Next a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. this is usually a bullish chart signal. The pair is likely to go up.

Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend will persist. Target of the current trend is 205.4135 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of resistance at 206.042 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Northern Doji’ candle chart pattern is discovered. The candles form ‘Northern Doji’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

206.042 – 206.852 – 206.044 – 205.575 – 205.637 – 204.578 —
205.61500 – 204.67300 —
45.11501807419 – 33.788098157728 —
– —
206.04200 – 1763697600

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