GBP/JPY – 30M – BUY

The combination British Pound/Japanese Yen (GBP/JPY) breaks through the descending trendline upwards

The bullish trend up to the next resistance level at 211.043 is certain.

Caution: A possible trend reversal in the direction of support at 210.296 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is certain. Current target is 211.023 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of resistance at 211.043 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

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

211.043 – 211.155 – 211.414 – 210.296 – 210.796 – 211.016 —
210.69600 – 210.81000 —
41.840639688184 – 42.142790125215 —
– —
211.04300 – 1767893400

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