GBP/JPY – 30M – BUY

The combination British Pound/Japanese Yen (GBP/JPY) breaks through the bearish trendline upwards

An ascending movement upwards to the next resistance line at 212.385 will continue.

Caution: A possible change in the direction of the support line at 210.648 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish chart scenario. The pair is likely to go up.

Moreover a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. which could be a positive chart scenario. The currency pair is likely to rise.

Moreover a ‘Northern Doji’ chart pattern is discovered. The candles show ‘Northern Doji’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

212.385 – 212.041 – 212.067 – 210.648 – 211.379 – 211.478 —
212.21100 – 212.27200 —
56.36450390413 – 47.205210706259 —
– —
212.38500 – 1768847400

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