GBP/JPY – 30M – BUY

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

A continuation of the upward movement up to the next resistance line at 212.787 is likely expected.

Caution: A possible reversal of the trend in the direction of support at 210.314 is within the realm of possibility.
Consider stop-loss settings accordingly.

Then a ‘Northern Doji’ candlestick pattern is discovered. The chart forms ‘Northern Doji’. this 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 chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

212.787 – 211.987 – 211.876 – 210.314 – 210.334 – 209.704 —
212.64500 – 212.53500 —
66.069698497726 – 59.122100821624 —
– —
212.787 – 1775615400

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