Buy GBP/JPY – 1H – BUY

Next a ‘Bullish Engulfing’ candlestick chart pattern is discovered. The chart shows ‘Bullish Engulfing’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Engulfing’ going up is 63%.

Next a ‘Double top chart pattern’ chart formation is discovered. The chart picture forms ‘Double top chart pattern’. which is a negative pattern signal. The currency pair is likely to fall.

Support & Resistance Price Range*
3rd High 191.54900
2nd High 191.33900
Next High 191.25400
Current Price 190.55500
Next Low 190.39200
2nd Low 189.29800
3rd Low 188.19900

191.25400 – 191.33900 – 191.54900 – 190.39200 – 190.52500 – 190.66000

Download GBP/JPY Signal Image

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