AUD/JPY – 1H – BUYThe pair Australian Dollar/Japanese Yen (AUD/JPY) jumps from the bullish trendline down.
The bearish trend down to the next support at 97.00600 will persist.
Caution: A possible counter-trend in the direction of the resistance zone at 98.34300 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Three Line Strike – Bullish’ candle pattern is discovered. The candles show ‘Three Line Strike – Bullish’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Line Strike – Bullish’ going up is 83% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 101.02600 |
| 2nd High | 98.74700 |
| Next High | 98.34300 |
| Current Price | 97.23900 |
| Next Low | 97.00600 |
| 2nd Low | 96.95800 |
| 3rd Low | 95.98200 |
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Line Strike – Bullish