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Forex · candlestick pattern

Doji on GBP/JPY

On GBP/JPY the doji showed up 409 times. Within 12 candles price broke up 52% of the time, broke down 43% and stayed inside 5%.

Counted on GBP/JPY: daily candles from January 2015 and hourly candles from October 2024.

By timeframe

TimeframeFoundBroke upBroke downStayed inside
Daily5652%48%0%
Hourly35352%42%6%

GBP/JPY against the rest

ChartsFoundBroke upBroke downStayed inside
GBP/JPY40952%43%5%
All Forex charts4,18550%47%3%
Every market69,19749%49%3%

Year by year

YearFoundBroke upBroke down
2016333%67%
2017617%83%
2018475%25%
20195100%0%
2020850%50%
2021560%40%
2022771%29%
2023850%50%
20243339%61%
202519360%36%
202613742%49%

The last 8 times

Counted by the Trading Class research engine on real past candles: entry at the signal candle's close, target 1.5 × ATR(14), stop 1 × ATR(14), 12 candles to decide, a candle that touches both counts as the stop. How we count. Past data, not a forecast and not advice.

What the doji is

Open and close are almost equal. Buyers and sellers are in a tie.

Picture a tug of war where both teams pull hard, but when the whistle blows the flag is right back in the middle. A doji candle is that tie: price moved up and down, but it closed almost exactly where it opened. Nobody won this round.

The full doji lesson, video and quiz ›

Other patterns on GBP/JPY

Inside bar · Stochastic bearish cross · Stochastic bullish cross · Spinning top · MACD bearish cross · MACD bullish cross · EMA 9/21 bullish cross · EMA 9/21 bearish cross · RSI overbought drop · RSI oversold bounce · all of them

The doji elsewhere

GBP/USD · EUR/JPY · EUR/USD · USD/CHF · USD/JPY · NZD/USD · EUR/GBP · AUD/USD · USD/CAD · GBP/INR · Sensex · Nifty 50 · Dow Jones · S&P 500 · Nikkei 225 · Sony · Gold · Silver

Questions

How often does the doji work on GBP/JPY?

In 409 cases on GBP/JPY, price broke up 52% of the time, broke down 43% and stayed inside 5% within 12 candles.

What is the doji?

Open and close are almost equal. Buyers and sellers are in a tie.