USD/JPY – 30M – BUYAnd also a ‘Bullish Engulfing’ candlestick chart pattern is found. The chart forms ‘Bullish Engulfing’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 158.54900 |
| Next High | 158.51800 |
| Current Price | 158.36400 |
| Next Low | 157.93200 |
| 2nd Low | 157.57400 |
| 3rd Low | 157.37200 |
Trading Signals: FOREX – USD – USD/JPY – JPY – Bullish Engulfing