Also there is a ‘Double top retreat up’ chart formation is detected. The chart picture shows ‘Double top retreat up’. which is a bullish chart scenario. The currency pair is likely to rise.
The combination Australian Dollar/Japanese Yen (AUD/JPY) goes from the bearish trendline upwards
An ascending movement upwards to the next resistance level at 109.816 is certain.
Caution: A possible trend reversal in the direction of the support line at 108.822 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘StochRSI %K line crosses above %D line’ indicator signal is found. The indicator shows ‘StochRSI %K line crosses above %D line’. this is usually a bullish chart signal. The currency pair is likely to rise.
Also there is a ‘RSI Bullish Divergence’ indicator signal is found. The indicator shows ‘RSI Bullish Divergence’. this is usually a bullish chart signal. The currency pair is likely to rise.
Also there is a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. which could be a positive chart scenario. The pair is likely to go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 110.184 |
| 2nd High | 109.955 |
| Next High | 109.816 |
| Current Price | 109.34200 |
| Next Low | 108.822 |
| 2nd Low | 106.853 |
| 3rd Low | 106.519 |
109.816 – 109.955 – 110.184 – 109.076 – 109.181 – 108.822 —
109.74900 – 109.33600 —
55.158639418271 – 32.678153529426 —
– —
109.816 – 1770285600
Trading Signals: FOREX – AUD – AUD/JPY – JPY – – Double top retreat up – – – – – – – –