AUD/JPY – 1H – SELLThe combination Australian Dollar/Japanese Yen (AUD/JPY) moves from the bullish trendline down.
A bearish trend downwards to the next support level at 90.59700 is likely expected.
Caution: A possible change in the direction of the resistance level at 91.16600 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Two Crows’ chart pattern is discovered. The candles show ‘Two Crows’. 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 success rate of a ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 91.40300 |
| 2nd High | 91.20200 |
| Next High | 91.16600 |
| Current Price | 90.69600 |
| Next Low | 90.59700 |
| 2nd Low | 90.13400 |
| 3rd Low | 90.12900 |
91.16600 – 91.20200 – 91.40300 – 90.59700 – 90.13400 – 90.12900