AUD/JPY – 1H – SELLThe currency pair Australian Dollar/Japanese Yen (AUD/JPY) moves from the bullish trendline down.
A bearish descent down to the next support level at 104.558 is likely expected.
Caution: A possible trend reversal in the direction of resistance at 105.273 could occur.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Collapsing Doji Star’ candlestick pattern is detected. The candles form ‘Collapsing Doji Star’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Collapsing Doji Star’ going down is 63% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 105.273 |
| Current Price | 105.37000 |
| Next Low | 104.558 |
| 2nd Low | 104.458 |
| 3rd Low | 104.429 |
105.089 – 105.273 – 104.835 – 104.558 – 104.617 – 104.458 —
105.81000 – 105.47500 —
70.482754789552 – 50.956327384583 —
– —
105.08900 – 1767582000
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Collapsing Doji Star – Double bottom retreat down – – – – – – – –