GBP/JPY – 1H – BUY

The combination British Pound/Japanese Yen (GBP/JPY) moves from the bullish trendline up.

A continuation of the uptrend upwards to the next resistance line at 207.355 is expected.

Caution: A possible change in the direction of the support level at is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive signal. The currency pair is likely to rise.

Also there is a ‘StochRSI Hidden Bullish Divergence’ indicator signal is existing. The indicator shows ‘StochRSI Hidden Bullish Divergence’. which could be a positive signal. The currency pair is likely to rise.

Also there is a ‘Northern Doji’ candle chart pattern is discovered. The chart shows ‘Northern Doji’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

207.355 – 206.248 – 207.194 – 206.344 – 205.473 – 205.19 —
206.84300 – 206.80300 —
49.036592467494 – 44.183611963683 —
– —
207.35500 – 1764831600

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