AUD/JPY – 30M – SELLThe pair Australian Dollar/Japanese Yen (AUD/JPY) jumps from the ascending trendline downwards
A bearish movement down to the next support line at 98.14700 will continue.
Caution: A possible change in the direction of the resistance line at 98.65600 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Tweezers Top’ candle pattern is found. The candles form ‘Tweezers Top’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 99.21500 |
| 2nd High | 99.16100 |
| Next High | 98.65600 |
| Current Price | 98.37300 |
| Next Low | 98.14700 |
| 2nd Low | 97.52200 |
| 3rd Low | 97.49000 |
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Tweezers Top