GBP/JPY – 4H – BUYThen a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish chart signal. The currency pair could go up.
Then a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. which is often a bullish signal. The currency pair could go up.
Then a ‘Advance Block’ chart pattern is existing. The candles show ‘Advance Block’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Advance Block’ heading down is 64% (Bull Market) & 61% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 214.847 |
| Current Price | 211.77600 |
| Next Low | 209.606 |
| 2nd Low | 206.761 |
| 3rd Low | 206.181 |
214.847 – 213.487 – 214.285 – 209.606 – 211.583 – 210.648 —
212.02200 – 211.67500 —
54.29943946715 – 51.206405492586 —
– —
214.84700 – 1769155200
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Advance Block – – – – – – – – –