GBP/JPY – 1H – BUYBesides a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish chart signal. The currency pair is likely to rise.
Besides a ‘Bullish Engulfing’ candle pattern is found. The chart shows ‘Bullish Engulfing’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 214.999 |
| Current Price | 213.65100 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
214.999 – 212.822 – 212.157 – 213.673 – 211.279 – 211.489 —
214.21000 – 214.18900 —
51.117783244775 – 41.238141269295 —
– —
214.999 – 1770213600
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Bullish Engulfing – Double top retreat up – – – – – – – –