GBP/JPY – 30M – BUYThere is also a ‘Double bottom retreat down’ chart layout is found. The chart picture forms ‘Double bottom retreat down’. which is a bearish pattern signal. The currency pair is likely to fall.
There is also a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. this is usually a bearish chart scenario. The currency pair could go down.
There is also a ‘Northern Doji’ chart pattern is discovered. The chart shows ‘Northern Doji’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 199.29 |
| 2nd High | 199.183 |
| Next High | 199.132 |
| Current Price | 198.61800 |
| Next Low | 198.267 |
| 2nd Low | 198.119 |
| 3rd Low | 197.854 |
198.657 – 198.813 – 199.132 – 198.267 – 198.281 – 198.459 — 34.684840428363 – 33.168119662623 — 7.2422977539257 – 2.8932617769827 – 9.686079639568 – 6.8850460478368
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Northern Doji – Double bottom retreat down – –