Sell GBP/JPY – 1H – SELL

There is also a ‘Bearish Engulfing’ candle pattern is found. The chart shows ‘Bearish Engulfing’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.

Support & Resistance Price Range*
3rd High 199.55300
2nd High 198.94500
Next High 197.06600
Current Price 196.80900
Next Low 196.43900
2nd Low 195.74500
3rd Low 194.05400

Download GBP/JPY Signal Image

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