GBP/JPY – 30M – BUYAdditionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart scenario. The currency pair is likely to rise.
Additionally a ‘Northern Doji’ chart pattern is found. The chart forms ‘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 success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 195.76700 |
| 2nd High | 193.74200 |
| Next High | 193.49300 |
| Current Price | 192.65700 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
193.49300 – 191.66300 – 191.26600 – 190.65700 – 190.31400 – 190.44800
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Northern Doji