GBP/JPY – 1H – BUYFurthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart signal. The pair is likely to go down.
Furthermore a ‘Matching Low’ candlestick chart pattern is found. The chart shows ‘Matching Low’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 214.285 |
| 2nd High | 214.103 |
| Next High | 213.305 |
| Current Price | 211.82300 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
213.305 – 214.103 – 214.285 – 210.648 – 211.478 – 211.991 —
211.45000 – 211.94500 —
44.5959758761 – 57.419124451661 —
– —
213.30500 – 1768471200
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Matching Low – Double top chart pattern – – – – – – – –