The currency pair Australian Dollar/Japanese Yen (AUD/JPY) jumps from the bearish trendline downwards
A continuation of the bearish trend down to the next support at 107.842 will persist.
Caution: A possible reversal of the trend in the direction of the resistance level at 108.731 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 109.48 |
| 2nd High | 108.886 |
| Next High | 108.731 |
| Current Price | 108.52500 |
| Next Low | 107.842 |
| 2nd Low | 107.678 |
| 3rd Low | 106.853 |
108.266 – 108.731 – 108.886 – 107.842 – 107.849 – 108.374 —
108.23700 – 108.71100 —
47.503814192281 – 68.020703089844 —
– —
108.266 – 1771322400
Trading Signals: FOREX – AUD – AUD/JPY – JPY – – Double bottom chart pattern – – – – – – – –