GBP/JPY – 30M – BUY

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

A continuation of the bullish trend up to the next resistance at 211.323 will continue.

Caution: A possible trend reversal in the direction of the support line at 210.502 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Northern Doji’ chart pattern is discovered. The chart shows ‘Northern Doji’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

211.323 – 211.436 – 211.437 – 210.502 – 210.754 – 210.74 —
211.58500 – 211.81200 —
68.836092736135 – 72.899408647501 —
– —
211.32300 – 1767580200

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