AUD/JPY – 30M – BUYThe pair Australian Dollar/Japanese Yen (AUD/JPY) goes from the ascending trendline downwards
A bearish trend downwards to the next support at 97.00600 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 98.05700 should always be considered.
Consider stop-loss settings accordingly.
In addition a ‘Three White Soldiers’ candlestick chart pattern is discovered. The candles show ‘Three White Soldiers’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 99.21500 |
| 2nd High | 98.74700 |
| Next High | 98.05700 |
| Current Price | 97.30800 |
| Next Low | 97.00600 |
| 2nd Low | 96.95800 |
| 3rd Low | 96.64000 |
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three White Soldiers