AUD/JPY – 30M – SELLThe currency pair Australian Dollar/Japanese Yen (AUD/JPY) jumps from the bullish trendline down.
A descending movement downwards to the next support at 97.424 will continue.
Caution: A possible change in the direction of the resistance zone at 97.486 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Northern Doji’ candlestick chart pattern is found. The chart shows ‘Northern Doji’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 98.243 |
| 2nd High | 97.502 |
| Next High | 97.486 |
| Current Price | 97.70100 |
| Next Low | 97.424 |
| 2nd Low | 96.81 |
| 3rd Low | 95.76 |
97.425 – 97.328 – 96.996 – 97.424 – 96.81 – 95.76 — 68.747021024612 – 60.661902314453 — 98.649042023923 – 89.109373956037 – 97.487738611905 – 95.350508301142
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji – Double top retreat up – –