AUD/JPY – 1H – BUYThe pair Australian Dollar/Japanese Yen (AUD/JPY) breaks through the bullish trendline up.
A continuation of the bullish trend upwards to the next resistance level at 101.27700 is considered certain.
Caution: A possible change in the direction of support at 99.48200 should always be considered.
Consider stop-loss settings accordingly.
In addition a ‘Three White Soldiers’ candlestick pattern is detected. The chart shows ‘Three White Soldiers’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 102.39800 |
| 2nd High | 101.34900 |
| Next High | 101.27700 |
| Current Price | 101.49000 |
| Next Low | 99.48200 |
| 2nd Low | 99.41200 |
| 3rd Low | 99.08000 |
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three White Soldiers