GBP/JPY – 30M – BUY

The currency pair British Pound/Japanese Yen (GBP/JPY) breaks through the bullish trendline up.

A continuation of the uptrend up to the next resistance at 215.479 is expected.

Caution: A possible change in the direction of the support line at 214.938 could occur.
Consider stop-loss settings accordingly.

Besides a ‘Northern Doji’ chart pattern is found. The chart shows ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to rise. 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).

215.479 – 215.246 – 215.726 – 214.938 – 214.883 – 215.064 —
215.71200 – 215.69200 —
68.920548141568 – 57.817283220324 —
– —
215.479 – 1777037400

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