GBP/JPY – 30M – BUYThe combination British Pound/Japanese Yen (GBP/JPY) moves from the descending trendline upwards
An ascending movement upwards to the next resistance level at 211.155 is certain.
Caution: A possible reversal of the trend in the direction of the support level at 210.502 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
And also a ” indicator layout is existing. The indicator shows ”. which is often a bullish signal. The currency pair could go up.
!
And also a ‘%K crosses above %D’ indicator layout is existing. The indicator shows ‘%K crosses above %D’. which is often a bullish signal. The currency pair could go up.
And also a ‘Northern Doji’ candlestick chart pattern is discovered. The candles show ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 211.75 |
| 2nd High | 211.414 |
| Next High | 211.155 |
| Current Price | 210.58300 |
| Next Low | 210.502 |
| 2nd Low | 210.338 |
| 3rd Low | 210.251 |
211.155 – 211.414 – 211.75 – 210.796 – 211.016 – 211.278 —
210.99600 – 210.70700 —
41.542182430575 – 25.197251709614 —
– —
211.15500 – 1767843000
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Northern Doji – Head and Shoulder chart pattern – – – – – – – –