GBP/JPY – 30M – BUY

The combination British Pound/Japanese Yen (GBP/JPY) breaks through the bearish trendline upwards

An ascending movement upwards to the next resistance at 205.605 will persist.

Caution: A possible change in the direction of the support zone at 204.995 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish signal. The currency pair could go up.

Also there is a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. which could be a positive signal. The pair is likely to go up.

Also there is a ‘Northern Doji’ candle pattern is detected. The candles form ‘Northern Doji’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

205.605 – 205.706 – 205.32 – 204.995 – 204.284 – 204.372 —
205.32300 – 205.49500 —
43.306439073449 – 52.698606172509 —
– —
205.60500 – 1764064800

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