GBP/JPY – 30M – BUY

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

A continuation of the uptrend up to the next resistance level at 213.487 is expected.

Caution: A possible reversal of the trend in the direction of support at should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart scenario. The pair is likely to go up.

And also a ‘Northern Doji’ candlestick chart pattern is existing. The chart forms ‘Northern Doji’. which is a positive signal. The pair is likely to go up. 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).

213.487 – 212.385 – 212.041 – 212.114 – 211.838 – 210.648 —
212.84900 – 212.54300 —
50.750435484858 – 49.167736395546 —
– —
213.48700 – 1768901400

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