GBP/JPY – 30M – BUY

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

A continuation of the bullish trend upwards to the next resistance line at 211.501 is considered certain.

Caution: A possible change in the direction of the support level at 210.502 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which could be a positive chart scenario. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 211.437 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the resistance line at 211.501 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Northern Doji’ candle chart pattern is detected. The candles show ‘Northern Doji’. which is a bullish signal. The currency pair is likely to rise. 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).

211.323 – 211.436 – 211.437 – 210.502 – 210.754 – 210.74 —
211.25400 – 211.52200 —
61.177891886245 – 65.255549000273 —
– —
211.32300 – 1767580200

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