AUD/JPY – 30M – SELLThe pair Australian Dollar/Japanese Yen (AUD/JPY) moves from the ascending trendline downwards
The bearish trend downwards to the next support at 97.42700 is likely expected.
Caution: A possible change in the direction of the resistance zone at 98.02700 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Evening Star’ candlestick chart pattern is discovered. The chart forms ‘Evening Star’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Evening Star’ heading down is 72% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 98.74700 |
| 2nd High | 98.72700 |
| Next High | 98.02700 |
| Current Price | 97.81400 |
| Next Low | 97.42700 |
| 2nd Low | 95.79700 |
| 3rd Low | 95.61100 |
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Evening Star