GBP/JPY – 4H – BUY

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

A continuation of the bullish trend up to the next resistance line at 207.355 is expected.

Caution: A possible trend reversal in the direction of the support level at 205.19 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘%K crosses above %D’ indicator signal is detected. The indicator shows ‘%K crosses above %D’. this is usually a bullish signal. The pair is likely to go up.

Then a ‘MACD crosses above signal’ indicator signal is detected. The indicator shows ‘MACD crosses above signal’. this is usually a bullish signal. The pair is likely to go up.

Then a ‘StochRSI Hidden Bullish Divergence’ indicator signal is detected. The indicator shows ‘StochRSI Hidden Bullish Divergence’. this is usually a bullish signal. The pair is likely to go up.

Then a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which is often a bullish chart signal. The currency pair could go up.

Then a ‘Northern Doji’ candle pattern is discovered. The chart forms ‘Northern Doji’. which 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 probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

207.355 – 207.194 – 206.852 – 205.19 – 204.284 – 202.34 —
206.83700 – 207.03300 —
56.356555466005 – 50.482922165726 —
– —
207.35500 – 1764820800

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