GBP/JPY – 4H – BUY

The pair British Pound/Japanese Yen (GBP/JPY) goes from the ascending trendline upwards

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

Caution: A possible trend reversal in the direction of the support level at 204.284 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. this is usually a bullish chart scenario. The pair is likely to go up.

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

206.852 – 204.063 – 203.258 – 204.284 – 202.34 – 199.058 —
205.60500 – 206.84300 —
53.121563513964 – 68.868798359458 —
– —
206.85200 – 1763654400

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