GBP/JPY – 30M – BUY

The pair British Pound/Japanese Yen (GBP/JPY) moves from the ascending trendline up.

A continuation of the upward movement upwards to the next resistance line at 204.737 is certain.

Caution: A possible change in the direction of support at should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart signal. The currency pair is likely to rise.

Besides a ‘MACD crosses above signal’ indicator layout is detected. The indicator shows ‘MACD crosses above signal’. which could be a positive chart signal. The currency pair is likely to rise.

Besides a ‘RSI Hidden Bullish Divergence’ indicator layout is detected. The indicator shows ‘RSI Hidden Bullish Divergence’. which could be a positive chart signal. The currency pair is likely to rise.

Besides a ‘Northern Doji’ candlestick pattern is found. The candles show ‘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 success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

204.737 – 204.293 – 204.52 – 203.883 – 203.69 – 203.127 —
204.23300 – 204.24100 —
38.915630346886 – 49.633976973917 —
– —
204.73700 – 1763497800

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