GBP/JPY – 30M – BUY

The combination British Pound/Japanese Yen (GBP/JPY) breaks through the bearish trendline up.

The bullish trend upwards to the next resistance line at 213.115 is expected.

Caution: A possible change in the direction of the support line at 212.393 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Northern Doji’ chart pattern is existing. The candles show ‘Northern Doji’. which is a bullish pattern signal. 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).

213.115 – 212.729 – 212.767 – 212.393 – 212.267 – 210.758 —
212.76600 – 212.68900 —
40.00764686967 – 41.36604596383 —
– —
213.115 – 1778158800

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