Buy AUD/JPY – 1H – BUY

The pair Australian Dollar/Japanese Yen (AUD/JPY) goes from the bullish trendline downwards

A bearish descent down to the next support level at 95.61100 is expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 97.14800 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Bullish Harami’ candlestick pattern is existing. The candles show ‘Bullish Harami’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Harami’ heading up is 53% (Bull Market) & 51% (Bear Market).

Support & Resistance Price Range*
3rd High 98.01100
2nd High 97.79400
Next High 97.14800
Current Price 96.39300
Next Low 95.61100
2nd Low 95.51400
3rd Low

Download AUD/JPY Signal Image

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