The combination Australian Dollar/Japanese Yen (AUD/JPY) breaks through the bullish trendline upwards
A continuation of the upward movement up to the next resistance at 112.755 is considered certain.
Caution: A possible trend reversal in the direction of the support zone at 112.27800 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘StochRSI %K line crosses above %D line’ indicator layout is existing. The indicator shows ‘StochRSI %K line crosses above %D line’. this is usually a bullish signal. The currency pair could go up.
Additionally a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which is often a bullish chart signal. The currency pair could go up.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 112.755 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance level at 112.755 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 113.437 |
| 2nd High | 112.805 |
| Next High | 112.755 |
| Current Price | 112.73800 |
| Next Low | 112.27800 |
| 2nd Low | 112.226 |
| 3rd Low | 112.18 |
112.644 – 112.511 – 112.755 – 112.27800 – 112.226 – 112.18 —
112.39600 – 112.69200 —
42.986332167114 – 66.010523617768 —
112.27800 – 1783998000 —
112.644 – 1783951200
Trading Signals: FOREX – AUD – AUD/JPY – JPY – – – – – – – – – –