GBP/JPY – 4H – BUY

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

A continuation of the upward movement up to the next resistance line at 206.852 will persist.

Caution: A possible change in the direction of the support zone at 204.284 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘%K crosses above %D’ indicator signal is discovered. The indicator shows ‘%K crosses above %D’. this is usually a bullish chart scenario. The pair is likely to go up.

Besides a ‘MACD crosses above signal’ indicator signal is discovered. The indicator shows ‘MACD crosses above signal’. this is usually a bullish chart scenario. The pair is likely to go up.

Besides a ‘Northern Doji’ candlestick pattern is discovered. The chart forms ‘Northern Doji’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

206.852 – 204.063 – 203.258 – 204.284 – 202.34 – 199.058 —
205.67300 – 205.97300 —
58.656775857764 – 55.104709385422 —
– —
206.85200 – 1763654400

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