EUR/JPY – 1H – SELLIn addition a ‘Deliberation’ chart pattern is existing. The chart forms ‘Deliberation’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Deliberation’ going down is 77% (Bull Market) & 75% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 163.80500 |
| 2nd High | 163.50600 |
| Next High | 163.18400 |
| Current Price | 161.42900 |
| Next Low | 160.03000 |
| 2nd Low | 159.80200 |
| 3rd Low | 159.10300 |
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Deliberation