AUD/JPY – 1H – SELLThe pair goes from the ascending trendline down.
A bearish descent down to the next support level at 100.39800 is certain.
Caution: A possible trend reversal in the direction of resistance at 101.51900 should be noted.
Consider stop-loss settings accordingly.
The chart formed a ‘Three White Soldiers’ candlestick pattern, which means 3 higher candles in a row.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 101.68600 |
| Next High | 101.51900 |
| Current Price | 100.89300 |
| Next Low | 100.39800 |
| 2nd Low | 100.29600 |
| 3rd Low | 99.93900 |