GBP/JPY – 30M – SELLAnd also a ‘Bearish Engulfing’ chart pattern is existing. The candles show ‘Bearish Engulfing’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 196.01100 |
| 2nd High | 194.76600 |
| Next High | 192.99700 |
| Current Price | 191.91400 |
| Next Low | 191.48400 |
| 2nd Low | 190.07100 |
| 3rd Low | 189.35000 |
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Bearish Engulfing