GBP/JPY – 30M – BUYMoreover a ‘Concealing Baby Swallow’ candlestick pattern is existing. The chart forms ‘Concealing Baby Swallow’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Concealing Baby Swallow’ heading down is 75% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 198.25200 |
| 2nd High | 198.19200 |
| Next High | 197.53900 |
| Current Price | 195.53700 |
| Next Low | 194.63800 |
| 2nd Low | 194.18900 |
| 3rd Low | 194.05400 |
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Concealing Baby Swallow