The combination Australian Dollar/Japanese Yen (AUD/JPY) breaks through the bullish trendline up.
A continuation of the upward movement upwards to the next resistance at 113.407 is certain.
Caution: A possible change in the direction of the support zone at 113.119 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘StochRSI %K line crosses above %D line’ indicator layout is found. The indicator is ‘StochRSI %K line crosses above %D line’. which is often a bullish chart scenario. The currency pair is likely to rise.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 114.247 |
| 2nd High | 114.22 |
| Next High | 113.407 |
| Current Price | 113.44900 |
| Next Low | 113.119 |
| 2nd Low | 112.689 |
| 3rd Low | 112.593 |
113.407 – 112.89 – 112.534 – 113.119 – 112.689 – 112.593 —
113.25900 – 113.44400 —
53.474616171911 – 63.714020317464 —
– —
113.407 – 1781510400
Trading Signals: FOREX – AUD – AUD/JPY – JPY – – Symmetrical Triangle Chart Pattern – – – – – – – –