GBP/JPY – 1H – BUYThe pair British Pound/Japanese Yen (GBP/JPY) breaks through the bearish trendline up.
A bullish ascent upwards to the next resistance level at 211.043 will persist.
Caution: A possible trend reversal in the direction of support at 210.296 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish chart signal. The currency pair could go up.
There is also a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which could be a positive signal. The pair is likely to go up.
There is also a ‘Northern Doji’ candle pattern is discovered. The candles show ‘Northern Doji’. this 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 likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 212.146 |
| 2nd High | 211.75 |
| Next High | 211.043 |
| Current Price | 211.26500 |
| Next Low | 210.296 |
| 2nd Low | 210.251 |
| 3rd Low | 210.038 |
211.043 – 211.75 – 212.146 – 210.296 – 210.502 – 210.251 —
210.70300 – 211.03700 —
39.99677401105 – 56.540504937907 —
– —
211.04300 – 1767891600
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Northern Doji – Double bottom chart pattern – – – – – – – –