AUD/JPY – 30M – SELLThe pair Australian Dollar/Japanese Yen (AUD/JPY) jumps from the bullish trendline downwards
A descent downwards to the next support level at 95.76 will persist.
Caution: A possible counter-trend in the direction of the resistance level at 96.76 could be enabled.
Consider stop-loss settings accordingly.
Then a ‘Northern Doji’ candle chart pattern is found. The chart shows ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 96.985 |
| 2nd High | 96.78 |
| Next High | 96.76 |
| Current Price | 96.66300 |
| Next Low | 95.76 |
| 2nd Low | 95.703 |
| 3rd Low | 95.62 |
96.162 – 96.08 – 96.061 – 95.76 – 95.703 – 95.765 — 56.991423375584 – 52.320276151789 — 78.191389354459 – 75.73032570886 – 61.683797339513 – 71.963997185544
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji – – –