EUR/JPY – 1H – BUYFurthermore a ‘Bullish Engulfing’ candle chart pattern is existing. The candles form ‘Bullish Engulfing’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 164.75300 |
| 2nd High | 162.48600 |
| Next High | 162.46900 |
| Current Price | 161.21300 |
| Next Low | 160.76900 |
| 2nd Low | 160.65800 |
| 3rd Low | 159.10300 |
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Bullish Engulfing