GBP/JPY – 30M – BUYBesides a ‘Inverse Head and Shoulder chart pattern’ chart pattern is discovered. The chart picture shows ‘Inverse Head and Shoulder chart pattern’. which is a positive signal. The currency pair is likely to rise.
Besides a ‘Southern Doji’ candle pattern is discovered. The chart shows ‘Southern Doji’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 214.103 |
| 2nd High | 213.487 |
| Next High | 212.757 |
| Current Price | 212.59000 |
| Next Low | 211.583 |
| 2nd Low | 210.648 |
| 3rd Low | 210.539 |
212.757 – 212.646 – 213.487 – 211.583 – 212.114 – 211.838 —
212.45800 – 212.63400 —
54.877091692147 – 61.010751645132 —
– —
212.75700 – 1769016600
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Southern Doji – Inverse Head and Shoulder chart pattern – – – – – – – –