GBP/JPY – 1H – BUY

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

A continuation of the bullish trend upwards to the next resistance level at 207.163 is certain.

Caution: A possible trend reversal in the direction of support at 206.423 is within the realm of possibility.
Consider stop-loss settings accordingly.

Also there is a ‘RSI Hidden Bullish Divergence’ indicator signal is existing. The indicator shows ‘RSI Hidden Bullish Divergence’. In der Regel bedeutet das ein negatives chart scenario. Die Paarung wird wahrscheinlich fallen.

Also there is a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. this is usually a bullish chart scenario. The currency pair could go up.

Also there is a ‘Northern Doji’ candle chart pattern is found. The candles form ‘Northern Doji’. which is a bullish chart scenario. 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).

207.163 – 205.985 – 205.902 – 206.423 – 204.995 – 204.284 —
206.98700 – 206.83000 —
59.681041503025 – 57.157318976924 —
– —
207.16300 – 1764198000

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Northern Doji – Symmetrical Triangle Chart Pattern – – – – – – – –