GBP/JPY – 4H – BUY

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

A bullish trend up to the next resistance line at 211.587 is considered certain.

Caution: A possible change in the direction of support at 210.251 is within the realm of possibility.
Consider stop-loss settings accordingly.

And also a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which could be a positive signal. The currency pair is likely to rise.

And also a ‘Northern Doji’ candlestick pattern is existing. The chart forms ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

211.501 – 211.587 – 208.94 – 210.251 – 210.038 – 206.761 —
211.43700 – 211.00900 —
55.767413189022 – 51.528408842356 —
– —
211.50100 – 1766764800

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