The combination Australian Dollar/Japanese Yen (AUD/JPY) breaks through the ascending trendline up.
A continuation of the uptrend upwards to the next resistance level at 112.626 will persist.
Caution: A possible change in the direction of support at 111.851 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. this is usually a bullish chart scenario. The currency pair could go up.
And also a ‘Three White Soldiers’ candlestick pattern is detected. The chart forms ‘Three White Soldiers’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 113.437 |
| 2nd High | 113.16 |
| Next High | 112.626 |
| Current Price | 112.67200 |
| Next Low | 111.851 |
| 2nd Low | 111.504 |
| 3rd Low | 111.324 |
111.876 – 111.735 – 112.157 – 111.851 – 111.504 – 111.324 —
112.56800 – 112.65200 —
77.617751329993 – 75.297703865856 —
– —
111.876 – 1783063800
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three White Soldiers – – – – – – – – –