AUD/JPY – 1H – BUYThe pair Australian Dollar/Japanese Yen (AUD/JPY) moves from the bullish trendline down.
A descending movement downwards to the next support level at 95.79700 will continue.
Caution: A possible reversal of the trend in the direction of resistance at 98.74700 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Three White Soldiers’ candle pattern is existing. The chart forms ‘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’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 101.55400 |
| 2nd High | 101.02600 |
| Next High | 98.74700 |
| Current Price | 98.40400 |
| Next Low | 95.79700 |
| 2nd Low | 95.61100 |
| 3rd Low | 95.51400 |
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three White Soldiers