The currency pair Australian Dollar/Japanese Yen (AUD/JPY) moves from the bullish trendline downwards
A descent downwards to the next support at 110.063 will continue.
Caution: A possible change in the direction of the resistance level at 111.053 should always be considered.
Consider stop-loss settings accordingly.
And also a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish signal. The currency pair could go down.
And also a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. this is usually a bearish chart signal. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 112.086 |
| 2nd High | 111.212 |
| Next High | 111.053 |
| Current Price | 110.96100 |
| Next Low | 110.063 |
| 2nd Low | 109.92 |
| 3rd Low | 109.526 |
111.053 – 111.212 – 111.042 – 110.063 – 110.22 – 109.92 —
110.87000 – 111.10700 —
63.346895076799 – 66.594449885369 —
– —
111.053 – 1772722800
Trading Signals: FOREX – AUD – AUD/JPY – JPY – – – – – – – – – –