Buy AUD/JPY – 1H – BUY

The pair Australian Dollar/Japanese Yen (AUD/JPY) breaks through the descending trendline up.

A bullish trend upwards to the next resistance line at 97.14200 is certain.

Caution: A possible trend reversal in the direction of support at 95.90400 could occur.
Consider stop-loss settings accordingly.

Then a ‘Three White Soldiers’ chart pattern is detected. The candles show ‘Three White Soldiers’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ heading up is 82%.

Support & Resistance Price Range*
3rd High 98.01100
2nd High 97.53600
Next High 97.14200
Current Price 96.81100
Next Low 95.90400
2nd Low 95.65700
3rd Low 95.31700

Download AUD/JPY Signal Image

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