GBP/JPY – 30M – BUYBesides a ‘Double bottom chart pattern’ chart layout is found. The chart shows ‘Double bottom chart pattern’. which is a bullish chart scenario. The currency pair is likely to rise.
Besides a ‘%K crosses above %D’ indicator layout is detected. The indicator is ‘%K crosses above %D’. which is often a bullish chart scenario. The currency pair could go up.
Besides a ‘Bullish Engulfing’ candlestick chart pattern is discovered. The chart forms ‘Bullish Engulfing’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 206.852 |
| Current Price | 206.11200 |
| Next Low | 205.296 |
| 2nd Low | 204.995 |
| 3rd Low | 204.284 |
205.985 – 205.605 – 205.706 – 205.296 – 204.995 – 204.284 —
206.08500 – 206.00100 —
60.283905745038 – 53.873799057611 —
– —
205.98500 – 1764102600
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Bullish Engulfing – Double bottom chart pattern – – – – – – – –