GBP/JPY – 30M – SELLFurthermore a ‘Bearish Engulfing’ candle chart pattern is discovered. The chart shows ‘Bearish Engulfing’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 193.72400 |
| 2nd High | 192.61500 |
| Next High | 192.46500 |
| Current Price | 192.05000 |
| Next Low | 191.81400 |
| 2nd Low | 191.59400 |
| 3rd Low | 190.68000 |
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Bearish Engulfing