EUR/JPY – 1H – BUYThere is also a ‘Bullish Engulfing’ candle chart pattern is discovered. The chart shows ‘Bullish Engulfing’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 162.00700 |
| 2nd High | 160.33800 |
| Next High | 159.99000 |
| Current Price | 159.77100 |
| Next Low | 157.86000 |
| 2nd Low | 157.55500 |
| 3rd Low | 156.17400 |
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Bullish Engulfing