EUR/JPY – 1H – SELLMoreover a ‘Bearish Engulfing’ candlestick chart pattern is existing. The candles show ‘Bearish Engulfing’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 160.33800 |
| 2nd High | 158.89000 |
| Next High | 158.63300 |
| Current Price | 156.95400 |
| Next Low | 156.04200 |
| 2nd Low | 155.14800 |
| 3rd Low |
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Bearish Engulfing