GBP/JPY – 1H – BUY

The currency pair British Pound/Japanese Yen (GBP/JPY) breaks through the descending trendline upwards

A bullish movement upwards to the next resistance line at 211.043 is considered certain.

Caution: A possible trend reversal in the direction of the support zone at 210.296 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘%K crosses above %D’ indicator signal is found. The indicator shows ‘%K crosses above %D’. which could be a positive chart scenario. The currency pair could go up.

Also there is a ‘Northern Doji’ candle pattern is detected. The candles form ‘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 success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

211.043 – 211.75 – 212.146 – 210.296 – 210.502 – 210.251 —
210.88200 – 210.84700 —
43.800361016892 – 47.228956459265 —
– —
211.04300 – 1767891600

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