GBP/JPY – 30M – BUYThe pair British Pound/Japanese Yen (GBP/JPY) breaks through the ascending trendline up.
A continuation of the bullish trend up to the next resistance level at will persist.
Caution: A possible change in the direction of the support line at 211.52 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘%K crosses above %D’ indicator signal is found. The indicator is ‘%K crosses above %D’. which is often a bullish chart scenario. The currency pair could go up.
Then a ‘Northern Doji’ chart pattern is discovered. The candles form ‘Northern Doji’. which is a bullish pattern signal. The currency 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 212.93900 |
| Next Low | 211.52 |
| 2nd Low | 210.539 |
| 3rd Low | 210.296 |
211.598 – 211.043 – 211.155 – 211.52 – 210.539 – 210.296 —
212.64900 – 212.83900 —
66.373244416353 – 68.001842047142 —
– —
211.59800 – 1767952800
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Northern Doji – – – – – – – – –