GBP/JPY – 30M – SELLThere is also a ‘Last Engulfing Bottom:’ candlestick chart pattern is detected. The candles show ‘Last Engulfing Bottom:’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Last Engulfing Bottom:’ going down is 65% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 198.94500 |
| 2nd High | 197.62000 |
| Next High | 197.55600 |
| Current Price | 197.31400 |
| Next Low | 196.78300 |
| 2nd Low | 196.59900 |
| 3rd Low | 196.43900 |
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Last Engulfing Bottom: