GBP/JPY – 30M – BUYNext a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a positive chart scenario. The currency pair is likely to rise.
Next a ‘Northern Doji’ candlestick pattern is detected. The chart shows ‘Northern Doji’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
Next a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. which could be a positive chart signal. The pair is likely to go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 190.08600 |
| 2nd High | 189.82100 |
| Next High | 189.42100 |
| Current Price | 187.87900 |
| Next Low | 184.37000 |
| 2nd Low | |
| 3rd Low |
189.42100 – 189.82100 – 187.14800 – 188.21400 – 184.37000 – 185.70900
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Northern Doji