GBP/JPY – 30M – BUYMoreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart signal. The pair is likely to go up.
Moreover a ‘Bullish Engulfing’ candlestick chart pattern is detected. The chart forms ‘Bullish Engulfing’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 193.66300 |
| 2nd High | 191.75400 |
| Next High | 190.30800 |
| Current Price | 189.62900 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
190.30800 – 189.95600 – 188.76800 – 188.19900 – 187.46000 – 188.02300
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Bullish Engulfing