Buy GBP/JPY – 30M – BUY

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

A continuation of the upward movement upwards to the next resistance at 189.95600 is considered certain.

Caution: A possible counter-trend in the direction of the support zone at 188.19900 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Northern Doji’ candlestick chart pattern is discovered. The candles show ‘Northern Doji’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

Support & Resistance Price Range*
3rd High 190.28700
2nd High 190.08600
Next High 189.95600
Current Price 190.26700
Next Low 188.19900
2nd Low 187.46000
3rd Low 187.45700

189.95600 – 188.76800 – 188.84300 – 188.19900 – 187.46000 – 188.02300

Download GBP/JPY Signal Image

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