GBP/JPY – 30M – BUY

The currency pair British Pound/Japanese Yen (GBP/JPY) goes from the bullish trendline upwards

A continuation of the uptrend up to the next resistance at 189.55200 will continue.

Caution: A possible counter-trend in the direction of the support zone at should always be considered.
Consider stop-loss settings accordingly.

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Target of the current trend is 189.552 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance level at 189.55200 should always be considered.
Consider stop-loss settings accordingly.

Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart signal. The currency pair is likely to rise.

Also there is a ‘Northern Doji’ candlestick chart pattern is detected. The chart forms ‘Northern Doji’. which is a bullish pattern signal. The currency 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).

189.55200 – 189.12200 – 189.19900 – 188.54300 – 188.13700 – 186.57400

Download GBP/JPY Signal Image

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