GBP/JPY – 1H – BUY

The pair British Pound/Japanese Yen (GBP/JPY) breaks through the bullish trendline up.

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

Caution: A possible counter-trend in the direction of the support zone at 206.584 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘%K crosses above %D’ indicator layout is detected. The indicator shows ‘%K crosses above %D’. which could be a positive chart scenario. The currency pair is likely to rise.

And also a ‘Northern Doji’ candle pattern is discovered. The candles show ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

207.29 – 207.355 – 206.248 – 206.584 – 206.181 – 206.344 —
207.79000 – 207.78200 —
68.317385935971 – 59.586816195364 —
– —
207.29000 – 1764954000

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