AUD/JPY – 1H – BUYThe currency pair Australian Dollar/Japanese Yen (AUD/JPY) breaks through the descending trendline upwards
An ascending movement up to the next resistance line at 110.401 will continue.
Caution: A possible change in the direction of the support level at 109.62 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Northern Doji’ candlestick pattern is found. The candles show ‘Northern Doji’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 111.771 |
| 2nd High | 111.158 |
| Next High | 110.401 |
| Current Price | 109.40700 |
| Next Low | 109.62 |
| 2nd Low | 109.526 |
| 3rd Low | 108.8 |
110.401 – 110.318 – 111.158 – 109.62 – 110.515 – 110.343 —
109.47500 – 109.38900 —
29.099544047973 – 38.686448366921 —
– —
110.401 – 1774638000
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji – – – – – – – – –