GBP/JPY – 30M – BUYThere is also a ‘Matching Low’ candlestick pattern is detected. The candles form ‘Matching Low’. 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 success rate of a ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 192.29800 |
| 2nd High | 191.52300 |
| Next High | 191.49700 |
| Current Price | 190.45700 |
| Next Low | 189.35000 |
| 2nd Low | 188.07200 |
| 3rd Low | 186.68500 |
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Matching Low