GBP/JPY – 1H – BUYThe pair British Pound/Japanese Yen (GBP/JPY) breaks through the descending trendline upwards
A bullish ascent up to the next resistance at 212.146 is expected.
Caution: A possible reversal of the trend in the direction of the support line at 210.502 is within the realm of possibility.
Consider stop-loss settings accordingly.
Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish signal. The currency pair could go up.
Also there is a ‘%K crosses above %D’ indicator layout is existing. The indicator shows ‘%K crosses above %D’. this is usually a bullish signal. The currency pair could go up.
Also there is a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. which is often a bullish chart signal. The pair is likely to go up.
Also there is a ‘Northern Doji’ candle chart pattern is found. The chart forms ‘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 chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 212.146 |
| Current Price | 211.54000 |
| Next Low | 210.502 |
| 2nd Low | 210.251 |
| 3rd Low | 210.038 |
212.146 – 211.437 – 211.093 – 210.502 – 210.251 – 210.42 —
211.99200 – 211.53500 —
66.84604330914 – 43.9441154388 —
– —
212.14600 – 1767664800
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Northern Doji – – – – – – – – –