The combination Australian Dollar/Japanese Yen (AUD/JPY) moves from the ascending trendline downwards
A bearish descent down to the next support at is certain.
Caution: A possible counter-trend in the direction of the resistance level at 108.57900 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 108.57900 |
| Current Price | 107.69800 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
108.57900 – 108.052 – 108.481 – 107.458 – 107.287 – 106.519 —
108.57900 – 107.86100 —
53.586848641975 – 48.302823716262 —
108.57900 – 1769794200 —
– 1769794200
Trading Signals: FOREX – AUD – AUD/JPY – JPY – – Double top chart pattern – – – – – – – –