The combination Australian Dollar/Japanese Yen (AUD/JPY) jumps from the ascending trendline downwards
A bearish movement down to the next support at 106.853 is considered certain.
Caution: A possible trend reversal in the direction of the resistance zone at 110.184 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 110.184 |
| Current Price | 109.19800 |
| Next Low | 106.853 |
| 2nd Low | 106.519 |
| 3rd Low | 106.074 |
110.184 – 109.547 – 108.579 – 106.853 – 107.291 – 106.519 —
109.63600 – 109.95500 —
42.218073057699 – 55.680446849304 —
– —
110.184 – 1770213600
Trading Signals: FOREX – AUD – AUD/JPY – JPY – – Rising Wedge Chart Pattern – – – – – – – –