GBP/JPY – 30M – BUYMoreover a ‘Northern Doji’ candlestick pattern is existing. The candles form ‘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 chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
Moreover a ‘Double top chart pattern’ chart layout is detected. The chart forms ‘Double top chart pattern’. this is a bearish signal. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 189.82100 |
| 2nd High | 189.42100 |
| Next High | 187.92800 |
| Current Price | 186.65000 |
| Next Low | 186.35000 |
| 2nd Low | 184.37000 |
| 3rd Low |
187.92800 – 189.42100 – 189.82100 – 186.35000 – 188.21400 – 184.37000
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Northern Doji