AUD/JPY – 1H – BUYCorrection of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Target of the current trend is 104.81 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support line at 105.089 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Tweezers Top’ candle chart pattern is detected. The candles show ‘Tweezers Top’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 105.273 |
| Next High | 105.089 |
| Current Price | 104.99900 |
| Next Low | 104.617 |
| 2nd Low | 104.458 |
| 3rd Low | 104.429 |
105.089 – 105.273 – 104.835 – 104.617 – 104.458 – 104.429 —
104.92900 – 104.89200 —
46.086814491964 – 50.605530957891 —
– —
105.08900 – 1767582000
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Tweezers Top – Double top chart pattern – – – – – – – –