There is also a ‘Head and Shoulder chart pattern’ chart layout is found. The chart forms ‘Head and Shoulder chart pattern’. which is a negative chart scenario. The currency pair is likely to go down.
There is also a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. which could be a positive chart scenario. The currency pair is likely to rise.
There is also a ‘Northern Doji’ candlestick pattern is detected. The chart shows ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to rise. 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 | 212.075 |
| 2nd High | 211.75 |
| Next High | 211.414 |
| Current Price | 211.13000 |
| Next Low | 211.016 |
| 2nd Low | 210.502 |
| 3rd Low | 210.338 |
211.414 – 211.75 – 211.738 – 211.016 – 211.278 – 211.306 —
211.07900 – 211.01700 —
41.763273597731 – 46.168752298808 —
– —
211.41400 – 1767790800
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Northern Doji – Head and Shoulder chart pattern – – – – – – – –