GBP/JPY – 30M – BUY

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

A continuation of the upward movement up to the next resistance at 211.75 is expected.

Caution: A possible counter-trend in the direction of support at 211.52000 is also possible.
Consider stop-loss settings accordingly.

There is also a ‘RSI Hidden Bullish Divergence’ indicator layout is existing. The indicator is ‘RSI Hidden Bullish Divergence’. Dieses ist oftmals ein bearisches chart scenario. Das Paar tendiert eventuell nach unten.

There is also a ‘Northern Doji’ candle chart pattern is found. The chart forms ‘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).

211.598 – 211.043 – 211.155 – 211.52000 – 210.539 – 210.296 —
211.82300 – 211.85400 —
57.80581638386 – 57.537947318201 —
211.52000 – 1768176000 —
211.59800 – 1767952800

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Northern Doji – Inverse Head and Shoulder chart pattern – – – – – – – –