AUD/JPY – 30M – BUYThe currency pair Australian Dollar/Japanese Yen (AUD/JPY) jumps from the bullish trendline downwards
A bearish descent down to the next support level at 96.81900 is likely expected.
Caution: A possible reversal of the trend in the direction of resistance at 97.14800 could be enabled.
Consider stop-loss settings accordingly.
And also a ‘Three White Soldiers’ candlestick pattern is found. The candles show ‘Three White Soldiers’. which is a bullish 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 | 97.79400 |
| Next High | 97.14800 |
| Current Price | 96.89000 |
| Next Low | 96.81900 |
| 2nd Low | 96.44700 |
| 3rd Low | 95.61100 |
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three White Soldiers