GBP/JPY – 30M – BUY

The combination British Pound/Japanese Yen (GBP/JPY) goes from the bullish trendline upwards

A continuation of the upward movement upwards to the next resistance line at 208.877 will persist.

Caution: A possible trend reversal in the direction of the support line at could be enabled.
Consider stop-loss settings accordingly.

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The currency pair is likely to fall.

Moreover a ‘%K crosses below %D’ indicator signal is existing. The indicator is ‘%K crosses below %D’. which is often a bearish chart signal. The currency pair is likely to fall.

Moreover a ‘Northern Doji’ candle pattern is existing. The candles form ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to rise. 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).

208.877 – 208.866 – 208.94 – 208.016 – 208.329 – 208.225 —
208.29000 – 208.60400 —
39.9040859394 – 52.375924008205 —
– —
208.87700 – 1765402200

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