There is also a ‘StochRSI %K line crosses above %D line’ indicator layout is found. The indicator shows ‘StochRSI %K line crosses above %D line’. which is often a bullish chart signal. The currency pair is likely to rise.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is considered certain. Current target is 218.7975 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of resistance at 218.939 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Tweezers Bottom’ candlestick pattern is discovered. The candles form ‘Tweezers Bottom’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Tweezers Bottom’ going up is 52% (Bull Market) & 56% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 219.528 |
| 2nd High | 219.396 |
| Next High | 218.939 |
| Current Price | 218.56500 |
| Next Low | 217.99 |
| 2nd Low | 217.304 |
| 3rd Low | 216.863 |
218.939 – 219.396 – 219.528 – 217.99 – 218.668 – 218.844 —
218.25400 – 218.42900 —
33.03808191579 – 50.631717344523 —
– —
218.939 – 1784260800
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Tweezers Bottom – – – – – – – – –