AUD/JPY – 1H – SELLThe combination Australian Dollar/Japanese Yen (AUD/JPY) goes from the bullish trendline downwards
A bearish trend downwards to the next support line at 96.11800 is considered certain.
Caution: A possible change in the direction of resistance at 97.32600 should be noted.
Consider stop-loss settings accordingly.
In addition a ‘Bearish Harami’ candlestick pattern is existing. The chart shows ‘Bearish Harami’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Harami’ heading down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 97.50200 |
| 2nd High | 97.33400 |
| Next High | 97.32600 |
| Current Price | 96.35900 |
| Next Low | 96.11800 |
| 2nd Low | 95.06900 |
| 3rd Low | 94.32300 |
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Bearish Harami
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