AUD/JPY – 1H – SELLThe combination moves from the ascending trendline downwards
The bearish trend downwards to the next support line at 100.39800 is considered certain.
Caution: A possible change in the direction of the resistance line at 101.51900 could occur.
Please make appropriate stop-loss settings in the case of a trade.
The chart formed a ‘Three White Soldiers’ candlestick pattern, which means 3 higher candles in a row.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 101.68600 |
| Next High | 101.51900 |
| Current Price | 100.44300 |
| Next Low | 100.39800 |
| 2nd Low | 100.29600 |
| 3rd Low | 99.93900 |