GBP/JPY – 30M – SELLThen a ‘Bearish Engulfing’ candlestick pattern is found. The chart forms ‘Bearish Engulfing’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0 |
| 2nd High | 0 |
| Next High | 0 |
| Current Price | 192.31400 |
| Next Low | 0 |
| 2nd Low | 0 |
| 3rd Low | 0 |
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Bearish Engulfing