GBP/JPY – 30M – BUY

Then a ‘Falling Wedge Chart Pattern’ chart pattern is found. The chart picture forms ‘Falling Wedge Chart Pattern’. which is a positive chart scenario. The pair is likely to go up.

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

A continuation of the upward movement up to the next resistance level at 196.84100 will persist.

Caution: A possible counter-trend in the direction of the support level at 195.39800 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive signal. The currency pair could go up.

Then a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which is often a bullish signal. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will persist. Current target is 196.841 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance zone at 196.84100 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Northern Doji’ chart pattern is found. The candles form ‘Northern Doji’. this is a bullish signal. 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’ heading up is 52% (Bull Market) & 51% (Bear Market).

196.84100 – 196.16700 – 196.05800 – 195.39800 – 194.97500 – 193.75600

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