GBP/JPY – 30M – BUYCorrection of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is certain. Target of the current trend is 190.308 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance level at 190.30800 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Northern Doji’ chart pattern is detected. The chart shows ‘Northern Doji’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 193.66300 |
| 2nd High | 191.75400 |
| Next High | 190.30800 |
| Current Price | 189.72600 |
| Next Low | 188.19900 |
| 2nd Low | 187.46000 |
| 3rd Low | 187.45700 |
190.30800 – 189.95600 – 188.76800 – 188.19900 – 187.46000 – 188.02300
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Northern Doji