GBP/JPY – 30M – BUY

The combination British Pound/Japanese Yen (GBP/JPY) breaks through the descending trendline up.

An ascending movement upwards to the next resistance at 205.985 will persist.

Caution: A possible counter-trend in the direction of the support zone at should be noted.
Consider stop-loss settings accordingly.

Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish signal. The currency pair could go up.

Moreover a ‘Northern Doji’ candle chart pattern is existing. The candles form ‘Northern Doji’. which is a positive pattern 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’ heading up is 52% (Bull Market) & 51% (Bear Market).

205.985 – 205.605 – 205.706 – 205.296 – 204.995 – 204.284 —
205.54500 – 205.61800 —
43.243012042854 – 43.232050261757 —
– —
205.98500 – 1764102600

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