The pair Australian Dollar/Japanese Yen (AUD/JPY) moves from the bullish trendline down.
The bearish trend down to the next support line at 97.74000 is likely expected.
Caution: A possible change in the direction of resistance at 98.23600 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Three Black Crows’ candle chart pattern is existing. The candles form ‘Three Black Crows’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.
Support & Resistance | Price Range* |
---|---|
3rd High | 98.74700 |
2nd High | 98.72700 |
Next High | 98.23600 |
Current Price | 98.13900 |
Next Low | 97.74000 |
2nd Low | 97.73700 |
3rd Low | 97.42700 |
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Black Crows