AUD/JPY – 30M – BUYThe pair breaks through the bearish trendline up.
A bullish trend upwards to the next resistance line at 100.35700 is expected.
Caution: A possible counter-trend in the direction of the support line at 99.85500 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
The chart formed a ‘Three White Soldiers’ candlestick pattern, which means 3 higher candles in a row.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 101.06300 |
| 2nd High | 100.94700 |
| Next High | 100.35700 |
| Current Price | 100.46700 |
| Next Low | 99.85500 |
| 2nd Low | 99.82300 |
| 3rd Low | 99.53300 |