AUD/JPY – 1H – SELLThe currency pair Australian Dollar/Japanese Yen (AUD/JPY) moves from the bearish trendline down.
A continuation of the bearish trend down to the next support level at 95.90400 is expected.
Caution: A possible counter-trend in the direction of the resistance level at 97.14200 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Three Line Strike – Bearish’ candlestick pattern is existing. The chart forms ‘Three Line Strike – Bearish’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Line Strike – Bearish’ heading down is 84% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 98.01100 |
| 2nd High | 97.53600 |
| Next High | 97.14200 |
| Current Price | 96.71200 |
| Next Low | 95.90400 |
| 2nd Low | 95.65700 |
| 3rd Low | 95.31700 |
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Line Strike – Bearish