GBP/JPY – 30M – BUY

There is also a ‘Double top retreat up’ chart pattern is found. The chart shows ‘Double top retreat up’. which is a bullish pattern signal. The pair is likely to go up.

There is also a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive chart signal. The currency pair could go up.

There is also a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. this is usually a bullish chart signal. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is certain. Target of the current trend is 198.384168 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of resistance at 198.74400 could occur.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Northern Doji’ candlestick pattern is found. The candles form ‘Northern Doji’. which 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’ going up is 52% (Bull Market) & 51% (Bear Market).

198.74400 – 198.80000 – 198.52800 – 198.10700 – 198.01100 – 197.70300

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Northern Doji – Double top retreat up