GBP/JPY – 1H – BUY

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

A continuation of the bullish trend up to the next resistance at 211.305 will continue.

Caution: A possible change in the direction of the support level at 210.314 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish chart scenario. The currency pair could go up.

In addition a ” indicator layout is existing. The indicator shows ”. this is usually a bullish chart scenario. The currency pair could go up.

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In addition a ‘StochRSI %K line crosses above %D line’ indicator layout is existing. The indicator shows ‘StochRSI %K line crosses above %D line’. this is usually a bullish chart scenario. The currency pair could go up.

In addition a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. this is usually a bullish signal. The currency pair could go up.

In addition a ‘Northern Doji’ candlestick chart pattern is discovered. The candles show ‘Northern Doji’. which 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 success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

211.305 – 211.433 – 211.199 – 210.314 – 210.334 – 209.623 —
210.94300 – 211.24900 —
53.963336279299 – 60.344903160962 —
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211.305 – 1775214000

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