GBP/JPY – 4H – BUY

The combination British Pound/Japanese Yen (GBP/JPY) moves from the ascending trendline upwards

A continuation of the upward movement up to the next resistance level at is considered certain.

Caution: A possible change in the direction of the support zone at 204.284 is also possible.
Consider stop-loss settings accordingly.

Next a ‘%K crosses above %D’ indicator layout is found. The indicator is ‘%K crosses above %D’. which could be a positive chart signal. The currency pair could go up.

Next a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which could be a positive chart signal. The currency pair is likely to rise.

Next a ‘Northern Doji’ candlestick chart pattern is detected. The candles show ‘Northern Doji’. this is a bullish signal. The currency 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).

206.852 – 204.063 – 203.258 – 204.284 – 202.34 – 199.058 —
205.97500 – 206.98600 —
60.788900986436 – 61.974941412878 —
– —
206.85200 – 1763654400

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