GBP/JPY – 30M – BUYFurthermore a ‘Double bottom retreat down’ chart layout is found. The chart shows ‘Double bottom retreat down’. which is a bearish signal. The pair is likely to go down.
Furthermore a ‘Northern Doji’ candle pattern is existing. The candles show ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 206.852 |
| 2nd High | 206.042 |
| Next High | 205.32 |
| Current Price | 205.29900 |
| Next Low | 204.284 |
| 2nd Low | 203.975 |
| 3rd Low | 203.883 |
205.32 – 206.042 – 206.852 – 204.284 – 204.372 – 205.575 —
205.19400 – 205.33300 —
51.501443654608 – 58.616672983691 —
– —
205.32000 – 1763742600
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Northern Doji – Double bottom retreat down – – – – – – – –