Buy AUD/JPY – 1H – BUY

The pair Australian Dollar/Japanese Yen (AUD/JPY) jumps from the descending trendline downwards

A continuation of the downtrend down to the next support line at 95.90400 is considered certain.

Caution: A possible reversal of the trend in the direction of resistance at 97.14200 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Three White Soldiers’ candle chart pattern is found. The candles show ‘Three White Soldiers’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ going up is 82%.

Support & Resistance Price Range*
3rd High 98.01100
2nd High 97.53600
Next High 97.14200
Current Price 96.79700
Next Low 95.90400
2nd Low 95.65700
3rd Low 95.31700

Download AUD/JPY Signal Image

Trading Signals:

Forex and Crypto Live Trading Signals - MyLiveSignals