GBP/JPY – 30M – SELLMoreover a ‘Last Engulfing Bottom:’ candlestick chart pattern is discovered. The chart shows ‘Last Engulfing Bottom:’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Last Engulfing Bottom:’ heading down is 65% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 199.37100 |
| 2nd High | 198.94600 |
| Next High | 197.18400 |
| Current Price | 196.99400 |
| Next Low | 196.62000 |
| 2nd Low | 196.30600 |
| 3rd Low | 195.73200 |
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Last Engulfing Bottom: