GBP/JPY – 1H – BUY

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

A continuation of the bullish trend upwards to the next resistance level at 206.852 will continue.

Caution: A possible reversal of the trend in the direction of the support level at 203.975 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a positive chart scenario. The currency pair could go up.

Also there is a ‘%K crosses above %D’ indicator signal is existing. The indicator shows ‘%K crosses above %D’. which could be a positive chart scenario. The currency pair could go up.

Also there is a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. this is usually a bullish chart scenario. The currency pair is likely to rise.

Also there is a ‘Northern Doji’ candlestick pattern is discovered. The candles form ‘Northern Doji’. this 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 chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

206.852 – 205.364 – 204.737 – 203.975 – 203.69 – 202.34 —
205.61500 – 205.15100 —
47.177123300788 – 40.795107857054 —
– —
206.85200 – 1763654400

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