The combination Australian Dollar/Japanese Yen (AUD/JPY) moves from the bullish trendline down.
A descent down to the next support at 95.98200 will continue.
Caution: A possible change in the direction of the resistance zone at 97.14800 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Three White Soldiers’ candlestick pattern is existing. The candles show ‘Three White Soldiers’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ going up is 82%.
Support & Resistance | Price Range* |
---|---|
3rd High | 98.01100 |
2nd High | 97.79400 |
Next High | 97.14800 |
Current Price | 97.12500 |
Next Low | 95.98200 |
2nd Low | 95.61100 |
3rd Low | 95.51400 |
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three White Soldiers