GBP/JPY – 30M – BUY

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

A continuation of the uptrend upwards to the next resistance level at 205.364 is certain.

Caution: A possible trend reversal in the direction of the support line at 204.578 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Northern Doji’ chart pattern is detected. The chart shows ‘Northern Doji’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

205.364 – 204.737 – 204.293 – 204.578 – 203.975 – 203.883 —
205.13000 – 205.57200 —
56.434506987819 – 68.613833316187 —
– —
205.36400 – 1763571600

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