GBP/JPY – 30M – BUYThe currency pair British Pound/Japanese Yen (GBP/JPY) breaks through the bullish trendline up.
A continuation of the uptrend upwards to the next resistance at is likely expected.
Caution: A possible change in the direction of support at 211.52 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘%K crosses above %D’ indicator signal is existing. The indicator shows ‘%K crosses above %D’. which could be a positive chart signal. The currency pair could go up.
Besides a ‘Northern Doji’ candlestick pattern is existing. The chart forms ‘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 probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 212.87200 |
| Next Low | 211.52 |
| 2nd Low | 210.539 |
| 3rd Low | 210.296 |
211.598 – 211.043 – 211.155 – 211.52 – 210.539 – 210.296 —
212.83500 – 212.84500 —
71.786068679798 – 61.292732408255 —
– —
211.59800 – 1767952800
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Northern Doji – Double bottom retreat down – – – – – – – –