EUR/JPY – 30M – SELLNext a ‘Bearish Engulfing’ chart pattern is found. The chart shows ‘Bearish Engulfing’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 165.41800 |
| 2nd High | 165.02900 |
| Next High | 164.75300 |
| Current Price | 164.52600 |
| Next Low | 163.47900 |
| 2nd Low | 163.17200 |
| 3rd Low | 163.01700 |
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Bearish Engulfing