GBP/JPY – 30M – BUY

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

A continuation of the uptrend upwards to the next resistance line at 206.852 is expected.

Caution: A possible counter-trend in the direction of the support zone at 205.296 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Northern Doji’ candle pattern is existing. The chart forms ‘Northern Doji’. this 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 probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

205.985 – 205.605 – 205.706 – 205.296 – 204.995 – 204.284 —
206.44700 – 207.06200 —
58.848541340152 – 69.766365182472 —
– —
205.98500 – 1764102600

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