GBP/JPY – 1H – BUYAdditionally a ‘Southern Doji’ candlestick pattern is discovered. The candles show ‘Southern Doji’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 198.25200 |
| 2nd High | 197.53900 |
| Next High | 194.76600 |
| Current Price | 192.29900 |
| Next Low | 190.07100 |
| 2nd Low | 188.07200 |
| 3rd Low |
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Southern Doji