GBP/JPY – 1H – BUY

Also there is a ‘Double top retreat up’ chart pattern is existing. The chart picture shows ‘Double top retreat up’. which is a positive pattern signal. The pair is likely to go up.

The pair British Pound/Japanese Yen (GBP/JPY) moves from the bearish trendline upwards

The bullish trend up to the next resistance level at 198.00400 will persist.

Caution: A possible trend reversal in the direction of support at 196.15200 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. this is usually a bullish chart signal. The currency pair could go up.

Also there is a ‘Northern Doji’ candle chart pattern is found. The chart shows ‘Northern Doji’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

198.00400 – 198.74400 – 198.80000 – 197.21000 – 197.70300 – 197.03800

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Northern Doji – Double top retreat up