GBP/JPY – 30M – BUYAdditionally a ‘Bullish Meeting Lines’ candlestick pattern is detected. The chart shows ‘Bullish Meeting Lines’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Meeting Lines’ heading up is 56% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 196.41700 |
| 2nd High | 194.80200 |
| Next High | 194.78500 |
| Current Price | 194.32300 |
| Next Low | 193.85000 |
| 2nd Low | 192.51300 |
| 3rd Low | 192.44600 |
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Bullish Meeting Lines