GBP/JPY – 4H – BUY

The pair British Pound/Japanese Yen (GBP/JPY) jumps from the bullish trendline upwards

A continuation of the bullish trend upwards to the next resistance at 206.852 is considered certain.

Caution: A possible change in the direction of the support line at 204.284 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘%K crosses below %D’ indicator layout is discovered. The indicator shows ‘%K crosses below %D’. which is often a bearish signal. The currency pair is likely to fall.

Then a ‘Northern Doji’ chart pattern is found. The chart forms ‘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 probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

206.852 – 204.063 – 203.258 – 204.284 – 202.34 – 199.058 —
205.74900 – 205.98500 —
57.416499960283 – 54.706117976558 —
– —
206.85200 – 1763654400

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