GBP/JPY – 30M – BUYThe combination British Pound/Japanese Yen (GBP/JPY) breaks through the descending trendline upwards
A bullish trend up to the next resistance line at 211.738 is expected.
Caution: A possible counter-trend in the direction of support at 211.306 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish chart signal. The currency pair is likely to rise.
And also a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. this is usually a bullish chart scenario. The pair is likely to go up.
And also a ‘Northern Doji’ chart pattern is existing. The candles form ‘Northern Doji’. this is a bullish chart scenario. 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 212.146 |
| 2nd High | 212.075 |
| Next High | 211.738 |
| Current Price | 211.65600 |
| Next Low | 211.306 |
| 2nd Low | 210.502 |
| 3rd Low | 210.338 |
211.738 – 212.075 – 212.146 – 211.306 – 210.502 – 210.754 —
211.50200 – 211.55200 —
44.767575466191 – 47.586013807147 —
– —
211.73800 – 1767729600
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Northern Doji – – – – – – – – –