GBP/JPY – 30M – BUY

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

A bullish trend upwards to the next resistance at 212.067 will persist.

Caution: A possible counter-trend in the direction of the support level at 210.539 is within the realm of possibility.
Consider stop-loss settings accordingly.

There is also a ‘%K crosses above %D’ indicator signal is discovered. The indicator is ‘%K crosses above %D’. this is usually a bullish chart signal. The currency pair is likely to rise.

There is also a ‘Northern Doji’ chart pattern is detected. The chart forms ‘Northern Doji’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

212.067 – 212.291 – 213.305 – 211.379 – 211.478 – 211.991 —
211.70700 – 210.83100 —
42.070068953601 – 17.541004165801 —
– —
212.06700 – 1768566600

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Northern Doji – Double bottom chart pattern – – – – – – – –