GBP/JPY – 1H – BUY

The combination British Pound/Japanese Yen (GBP/JPY) breaks through the bearish trendline up.

The bullish trend upwards to the next resistance line at 210.724 will continue.

Caution: A possible reversal of the trend in the direction of the support line at 209.176 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Northern Doji’ candle chart pattern is existing. The chart shows ‘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 probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

210.613 – 210.559 – 210.724 – 209.176 – 209.481 – 209.213 —
210.72200 – 210.64100 —
61.751692863603 – 49.650498017998 —
– —
210.613 – 1772726400

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