There is also a ‘Bearish Harami’ chart pattern is found. The candles form ‘Bearish Harami’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Harami’ going down is 53% (Bull Market) & 50% (Bear Market).
There is also a ‘Double top chart pattern’ chart layout is existing. The chart forms ‘Double top chart pattern’. this is a bearish signal. The currency pair is likely to go down.
Support & Resistance | Price Range* |
---|---|
3rd High | 189.02600 |
2nd High | 188.84300 |
Next High | 188.76800 |
Current Price | 187.82100 |
Next Low | 187.45700 |
2nd Low | 186.57400 |
3rd Low | 186.02000 |
188.76800 – 188.84300 – 189.02600 – 188.02300 – 187.99600 – 188.73400
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Bearish Harami