AUD/JPY – 30M – BUYThe pair Australian Dollar/Japanese Yen (AUD/JPY) breaks through the bearish trendline upwards
A bullish movement upwards to the next resistance at 101.19300 is certain.
Caution: A possible change in the direction of support at 99.72900 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend is certain. Target of the current trend is 100.811866 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the resistance zone at 101.19300 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Three White Soldiers’ candle chart pattern is discovered. The candles show ‘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 success rate of a ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 101.30800 |
| 2nd High | 101.27700 |
| Next High | 101.19300 |
| Current Price | 100.49400 |
| Next Low | 99.72900 |
| 2nd Low | 99.41200 |
| 3rd Low | 99.08000 |
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three White Soldiers