EUR/JPY – 4H – SELLAdditionally a ‘Bearish Engulfing’ candlestick pattern is existing. The chart forms ‘Bearish Engulfing’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 166.09600 |
| 2nd High | 165.02900 |
| Next High | 164.75300 |
| Current Price | 159.53600 |
| Next Low | 156.17400 |
| 2nd Low | |
| 3rd Low |
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Bearish Engulfing