GBP/JPY – 30M – BUY

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

A continuation of the bullish trend up to the next resistance line at 197.55000 is certain.

Caution: A possible counter-trend in the direction of the support level at 196.94200 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

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

Then a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. which is often a bullish signal. The pair is likely to go up.

Then a ‘Northern Doji’ candlestick chart pattern is existing. The candles show ‘Northern Doji’. which is a positive pattern 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’ going up is 52% (Bull Market) & 51% (Bear Market).

197.55000 – 197.74800 – 198.00400 – 196.94200 – 196.27200 – 197.18400

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Northern Doji – Double bottom retreat down