GBP/JPY – 1H – BUY

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

A bullish movement upwards to the next resistance at 212.146 is considered certain.

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

Additionally a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish chart scenario. The pair is likely to go up.

Additionally a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. this is usually a bullish signal. The pair is likely to go up.

Additionally a ‘Northern Doji’ candle pattern is existing. The chart shows ‘Northern Doji’. which is a positive 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).

212.146 – 211.437 – 211.093 – 210.502 – 210.251 – 210.42 —
211.62400 – 211.53000 —
48.021418227709 – 48.500679112723 —
– —
212.14600 – 1767664800

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