GBP/JPY – 30M – BUY

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

A continuation of the uptrend upwards to the next resistance level at 215.23 will continue.

Caution: A possible reversal of the trend in the direction of the support zone at 214.302 could happen.
Consider stop-loss settings accordingly.

Also there is a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. which could be a positive signal. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend will continue. Current target is 215.23 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 215.23 could happen.
Consider stop-loss settings accordingly.

Also there is a ‘Northern Doji’ chart pattern is found. The candles show ‘Northern Doji’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

214.998 – 214.934 – 214.859 – 214.302 – 214.557 – 213.863 —
215.29600 – 215.22400 —
62.530157813666 – 57.25659072733 —
– —
214.998 – 1781249400

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