AUD/JPY – 4H – SELLThe pair Australian Dollar/Japanese Yen (AUD/JPY) moves from the ascending trendline down.
A bearish trend down to the next support at 95.79700 is certain.
Caution: A possible trend reversal in the direction of the resistance zone at 98.73100 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Bearish Harami’ candle chart pattern is existing. The chart forms ‘Bearish Harami’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Harami’ going down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 102.39800 |
| 2nd High | 101.55400 |
| Next High | 98.73100 |
| Current Price | 97.61200 |
| Next Low | 95.79700 |
| 2nd Low | 95.51400 |
| 3rd Low |
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Bearish Harami