GBP/JPY – 30M – SELLNext a ‘Evening Star’ candle chart pattern is detected. The candles form ‘Evening Star’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Evening Star’ going down is 72% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 199.37100 |
| 2nd High | 198.94500 |
| Next High | 197.06600 |
| Current Price | 196.75100 |
| Next Low | 196.43900 |
| 2nd Low | 196.31000 |
| 3rd Low | 195.74500 |
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Evening Star