GBP/JPY – 30M – BUYAnd also a ‘Inverted Hammer’ candle chart pattern is existing. The chart forms ‘Inverted Hammer’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Inverted Hammer’ heading up is 65% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 192.61500 |
| 2nd High | 192.46500 |
| Next High | 192.36500 |
| Current Price | 192.11900 |
| Next Low | 190.59400 |
| 2nd Low | 190.33800 |
| 3rd Low | 189.35000 |
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Inverted Hammer