GBP/JPY – 30M – BUY

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

A continuation of the uptrend upwards to the next resistance level at 211.54 will continue.

Caution: A possible reversal of the trend in the direction of support at 210.601 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Northern Doji’ candlestick pattern is existing. The chart shows ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

211.54 – 210.987 – 210.613 – 210.601 – 210.253 – 209.777 —
211.34500 – 211.45000 —
53.451156091099 – 56.53298501965 —
– —
211.54 – 1772838000

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