GBP/JPY – 1H – BUYAlso there is a ‘Bullish Engulfing’ candlestick chart pattern is found. The chart shows ‘Bullish Engulfing’. which 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’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 193.72400 |
| 2nd High | 192.46500 |
| Next High | 192.29800 |
| Current Price | 190.38300 |
| Next Low | 190.14500 |
| 2nd Low | 189.84600 |
| 3rd Low | 189.56100 |
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Bullish Engulfing