GBP/JPY – 30M – BUYAdditionally a ‘Three Inside Up’ candle pattern is detected. The chart forms ‘Three Inside Up’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Inside Up’ going up is 65% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 198.25200 |
| 2nd High | 198.19200 |
| Next High | 197.53900 |
| Current Price | 195.82900 |
| Next Low | 195.11500 |
| 2nd Low | 194.63800 |
| 3rd Low | 194.18900 |
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Three Inside Up