GBP/JPY – 30M – BUY

Besides a ” indicator signal is existing. The indicator shows ”. this is usually a bullish chart scenario. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Current target is 205.627112 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the resistance line at 205.60500 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Northern Doji’ candlestick pattern is found. The candles show ‘Northern Doji’. which is a positive signal. The currency 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).

205.60500 – 205.706 – 205.32 – 204.284 – 204.372 – 205.575 —
205.60500 – 205.30200 —
53.463791542274 – 40.294931144705 —
205.60500 – 1764064800 —
– 1764064800

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Northern Doji – Double bottom retreat down – – – – – – – –