Buy AUD/JPY – 4H – BUY

The pair Australian Dollar/Japanese Yen (AUD/JPY) jumps from the bullish trendline down.

A descent down to the next support at 96.92900 is likely expected.

Caution: A possible counter-trend in the direction of resistance at 99.16100 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Bullish Belt Hold’ candle chart pattern is existing. The chart shows ‘Bullish Belt Hold’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).

Support & Resistance Price Range*
3rd High 102.39800
2nd High 101.55400
Next High 99.16100
Current Price 97.87500
Next Low 96.92900
2nd Low 95.79700
3rd Low 95.51400

Download AUD/JPY Signal Image

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