AUD/JPY – 1H – SELLMoreover a ‘Bearish Engulfing’ candle chart pattern is existing. The candles form ‘Bearish Engulfing’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 101.55400 |
| 2nd High | 101.02600 |
| Next High | 98.74700 |
| Current Price | 97.74800 |
| Next Low | 97.70600 |
| 2nd Low | 97.62000 |
| 3rd Low | 96.70700 |
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Bearish Engulfing