USD/JPY – 4H – BUYBesides a ‘Bullish Engulfing’ candle chart pattern is discovered. The chart forms ‘Bullish Engulfing’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 156.74500 |
| Next High | 155.88500 |
| Current Price | 151.43800 |
| Next Low | 148.64200 |
| 2nd Low | 147.34100 |
| 3rd Low | 141.64200 |
Trading Signals: FOREX – USD – USD/JPY – JPY – Bullish Engulfing