GBP/JPY – 30M – BUYThe currency pair British Pound/Japanese Yen (GBP/JPY) jumps from the descending trendline upwards
A bullish trend up to the next resistance line at 211.75 is expected.
Caution: A possible change in the direction of the support level at 210.502 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘RSI Bullish Divergence’ indicator signal is detected. The indicator shows ‘RSI Bullish Divergence’. In der Regel bedeutet das ein negatives signal. Die Paarung wird wahrscheinlich fallen.
Also there is a ‘Northern Doji’ candlestick pattern is discovered. The chart shows ‘Northern Doji’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 212.146 |
| 2nd High | 212.075 |
| Next High | 211.75 |
| Current Price | 211.27100 |
| Next Low | 210.502 |
| 2nd Low | 210.338 |
| 3rd Low | 210.251 |
211.75 – 211.738 – 212.075 – 211.278 – 211.306 – 210.502 —
211.26000 – 211.16900 —
31.580565516262 – 37.514020145506 —
– —
211.75000 – 1767758400
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Northern Doji – Double bottom chart pattern – – – – – – – –