GBP/JPY – 30M – BUY

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

A bullish movement up to the next resistance at 205.624 is considered certain.

Caution: A possible reversal of the trend in the direction of the support level at 205.19 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which is often a bullish chart scenario. The currency pair could go up.

Furthermore a ‘Northern Doji’ chart pattern is detected. The candles show ‘Northern Doji’. which is a bullish 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’ heading up is 52% (Bull Market) & 51% (Bear Market).

205.624 – 207.194 – 207.19 – 205.19 – 206.605 – 206.488 —
205.42600 – 205.49800 —
45.36116012731 – 51.190380321549 —
– —
205.62400 – 1764612000

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