AUD/JPY – 30M – BUYThe combination Australian Dollar/Japanese Yen (AUD/JPY) breaks through the bearish trendline upwards
An ascent upwards to the next resistance at 96.91500 is expected.
Caution: A possible trend reversal in the direction of the support zone at 96.54800 is also possible.
Consider stop-loss settings accordingly.
Additionally a ‘Three White Soldiers’ candlestick chart pattern is detected. The chart shows ‘Three White Soldiers’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 97.14200 |
| 2nd High | 97.08000 |
| Next High | 96.91500 |
| Current Price | 96.76300 |
| Next Low | 96.54800 |
| 2nd Low | 96.33100 |
| 3rd Low | 95.90400 |
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three White Soldiers