AUD/JPY – 1H – BUYThe pair breaks through the descending trendline upwards
An ascending movement up to the next resistance line at 100.94700 will continue.
Caution: A possible change in the direction of the support line at 99.53300 could occur.
In the case of a trade, always set appropriate stop-loss settings.
The chart formed a ‘Three White Soldiers’ candlestick pattern, which means 3 higher candles in a row.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 101.68600 |
| 2nd High | 101.51900 |
| Next High | 100.94700 |
| Current Price | 100.67400 |
| Next Low | 99.53300 |
| 2nd Low | 99.43000 |
| 3rd Low | 99.08000 |