EUR/JPY – 30M – BUYAlso there is a ‘Bullish Engulfing’ chart pattern is discovered. The candles show ‘Bullish Engulfing’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 162.00700 |
| 2nd High | 160.70500 |
| Next High | 160.33800 |
| Current Price | 159.90500 |
| Next Low | 159.56200 |
| 2nd Low | 159.24900 |
| 3rd Low | 159.09000 |
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Bullish Engulfing