GBP/JPY – 30M – BUY

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

An ascent upwards to the next resistance at 213.305 is certain.

Caution: A possible change in the direction of the support level at 211.991 is also possible.
Consider stop-loss settings accordingly.

Moreover a ‘%K crosses below %D’ indicator layout is found. The indicator shows ‘%K crosses below %D’. this is usually a bearish signal. The pair is likely to go down.

Moreover a ‘Northern Doji’ candlestick chart pattern is detected. The chart forms ‘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 probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

213.305 – 213.087 – 214.103 – 211.991 – 212.57 – 212.542 —
212.19100 – 212.28100 —
34.176365080561 – 42.975157907872 —
– —
213.30500 – 1768473000

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