GBP/JPY – 1H – BUY

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

A continuation of the bullish trend upwards to the next resistance level at 213.719 will persist.

Caution: A possible counter-trend in the direction of the support zone at 211.973 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

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 chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

212.177 – 211.54 – 210.987 – 211.973 – 211.589 – 209.176 —
212.68600 – 213.04600 —
62.852160825997 – 58.021421251997 —
– —
212.177 – 1773093600

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