GBP/JPY – 1H – BUYThe combination British Pound/Japanese Yen (GBP/JPY) breaks through the ascending trendline upwards
A continuation of the upward movement upwards to the next resistance at will continue.
Caution: A possible change in the direction of the support level at 210.502 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Northern Doji’ candle chart pattern is existing. The chart shows ‘Northern Doji’. which is a bullish 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 211.93000 |
| Next Low | 210.502 |
| 2nd Low | 210.251 |
| 3rd Low | 210.038 |
211.437 – 211.093 – 211.501 – 210.502 – 210.251 – 210.42 —
211.22000 – 211.83800 —
55.002247006471 – 66.50203673306 —
– —
211.43700 – 1767340800
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Northern Doji – Double top retreat up – – – – – – – –