GBP/JPY – 4H – BUY

Also there is a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. this is usually a bullish chart signal. The currency pair is likely to rise.

Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 214.662474 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the resistance line at 215.553 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Northern Doji’ candle pattern is discovered. The chart forms ‘Northern Doji’. this is a bullish signal. The currency pair is likely to rise. 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).

215.553 – 215.23 – 215.606 – 213.863 – 212.924 – 213.32 —
214.05600 – 213.52000 —
27.836256790997 – 41.933822505271 —
– —
215.553 – 1781625600

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