GBP/JPY – 30M – BUY

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 line at 200.713 will persist.

Caution: A possible counter-trend in the direction of the support level at 200.308 could occur.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Northern Doji’ candlestick pattern is detected. The chart forms ‘Northern Doji’. which is a positive chart scenario. 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).

200.35 – 200.713 – 200.643 – 200.308 – 199.694 – 199.289 — 50.212999125822 – 53.023229613721 — 84.258010259688 – 90.773883275561 – 78.185209769102 – 86.800313718099

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