GBP/JPY – 1H – SELL

Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart signal. The currency pair could go up.

Also there is a ‘Bullish Engulfing’ candlestick pattern is discovered. The candles show ‘Bullish Engulfing’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Engulfing’ going up is 63%.

213.299 – 212.177 – 211.54 – 211.973 – 211.589 – 209.176 —
212.71200 – 212.64600 —
49.497706064476 – 45.109740586018 —
– —
213.299 – 1773266400

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Bullish Engulfing – – – – – – – – –