GBP/JPY – 30M – BUY

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

A continuation of the bullish trend upwards to the next resistance line at 207.163 is considered certain.

Caution: A possible trend reversal in the direction of the support level at 206.42300 is also possible.
Consider stop-loss settings accordingly.

Moreover a ‘%K crosses above %D’ indicator layout is existing. The indicator shows ‘%K crosses above %D’. this is usually a bullish chart signal. The pair is likely to go up.

Moreover a ‘RSI Hidden Bullish Divergence’ indicator layout is existing. The indicator shows ‘RSI Hidden Bullish Divergence’. this is usually a bullish chart signal. The pair is likely to go up.

Moreover a ‘Northern Doji’ candlestick 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 likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

207.163 – 205.985 – 205.605 – 206.42300 – 205.504 – 205.296 —
206.98900 – 206.83300 —
54.829899748825 – 47.610539960411 —
206.42300 – 1764214200 —
207.16300 – 1764199800

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