GBP/JPY – 30M – BUYIn addition a ‘Head and Shoulder chart pattern’ chart formation is detected. The chart picture shows ‘Head and Shoulder chart pattern’. which is a negative chart scenario. The currency pair is likely to go down.
In addition a ‘Northern Doji’ candlestick chart pattern is found. The candles form ‘Northern Doji’. 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 ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 212.075 |
| 2nd High | 211.75 |
| Next High | 211.414 |
| Current Price | 210.99500 |
| Next Low | 210.502 |
| 2nd Low | 210.338 |
| 3rd Low | 210.251 |
211.414 – 211.75 – 211.738 – 211.016 – 211.278 – 211.306 —
211.11900 – 211.13800 —
37.681710834466 – 35.305971965838 —
– —
211.41400 – 1767790800
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Northern Doji – Head and Shoulder chart pattern – – – – – – – –