AUD/JPY – 30M – SELLThe pair Australian Dollar/Japanese Yen (AUD/JPY) moves from the bullish trendline downwards
A descending movement down to the next support level at 98.15100 is expected.
Caution: A possible counter-trend in the direction of the resistance level at 98.90500 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Tweezers Top’ chart pattern is found. The candles show ‘Tweezers Top’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 100.30800 |
| 2nd High | 99.21500 |
| Next High | 98.90500 |
| Current Price | 98.86300 |
| Next Low | 98.15100 |
| 2nd Low | 97.52200 |
| 3rd Low | 97.49000 |
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Tweezers Top