GBP/JPY – 4H – BUYNext a ‘Northern Doji’ candle chart pattern is detected. The chart shows ‘Northern Doji’. 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 success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
Next a ‘Double top chart pattern’ chart formation is detected. The formation shows ‘Double top chart pattern’. this is a bearish chart scenario. The currency pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 195.96900 |
| Current Price | 193.44900 |
| Next Low | 192.01400 |
| 2nd Low | 190.73600 |
| 3rd Low | 188.78800 |
195.96900 – 194.99800 – 194.89800 – 193.46400 – 192.01400 – 190.73600
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Northern Doji