AUD/JPY – 30M – BUYThe pair Australian Dollar/Japanese Yen (AUD/JPY) goes from the bullish trendline down.
A descent down to the next support level at 96.79100 will persist.
Caution: A possible reversal of the trend in the direction of the resistance zone at 97.41300 should always be considered.
Consider stop-loss settings accordingly.
Furthermore a ‘Three White Soldiers’ candle chart pattern is found. The chart shows ‘Three White Soldiers’. this is a bullish signal. 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 | 98.74700 |
| 2nd High | 98.34300 |
| Next High | 97.41300 |
| Current Price | 97.22400 |
| Next Low | 96.79100 |
| 2nd Low | 96.64000 |
| 3rd Low | 95.98200 |
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three White Soldiers