GBP/JPY – 1H – BUY

Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish chart signal. The pair is likely to go up.

Next a ‘Bullish Engulfing’ chart pattern is detected. The candles form ‘Bullish Engulfing’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Engulfing’ going up is 63%.

215.518 – 214.995 – 214.872 – 214.161 – 213.32 – 214.07 —
215.24200 – 214.99100 —
45.987628279287 – 39.562089951522 —
– —
215.518 – 1780423200

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