GBP/JPY – 30M – BUYNext a ‘Double bottom chart pattern’ chart formation is discovered. The chart forms ‘Double bottom chart pattern’. which is a bullish chart scenario. The currency pair is likely to rise.
Next a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. which could be a positive signal. The currency pair is likely to rise.
Next a ‘Northern Doji’ candle pattern is discovered. The chart forms ‘Northern Doji’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 199.132 |
| 2nd High | 198.813 |
| Next High | 198.657 |
| Current Price | 198.70100 |
| Next Low | 198.267 |
| 2nd Low | 198.119 |
| 3rd Low | 197.854 |
198.657 – 198.813 – 199.132 – 198.267 – 198.281 – 198.459 — 44.018722731894 – 46.248057487851 — 99.368568755847 – 99.368568755847 – 93.166722713462 – 96.162407193962
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Northern Doji – Double bottom chart pattern – –