AUD/JPY – 30M – BUYThe pair Australian Dollar/Japanese Yen (AUD/JPY) jumps from the ascending trendline upwards
A continuation of the bullish trend up to the next resistance level at 94.48400 is considered certain.
Caution: A possible trend reversal in the direction of the support level at 93.79900 is within the realm of possibility.
Consider stop-loss settings accordingly.
In addition a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. which is often a bullish chart scenario. The currency pair could go up.
In addition a ‘Northern Doji’ candle pattern is discovered. The candles show ‘Northern Doji’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 95.64000 |
| 2nd High | 94.83400 |
| Next High | 94.48400 |
| Current Price | 94.04300 |
| Next Low | 93.79900 |
| 2nd Low | 93.24000 |
| 3rd Low | 92.31100 |
94.48400 – 94.41000 – 94.83400 – 93.79900 – 93.94000 – 93.93800
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji