AUD/JPY – 30M – BUYThe currency pair Australian Dollar/Japanese Yen (AUD/JPY) moves from the bullish trendline downwards
The bearish trend down to the next support level at 96.95800 is certain.
Caution: A possible trend reversal in the direction of the resistance line at 98.05700 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Matching Low’ candlestick pattern is found. The candles show ‘Matching Low’. 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 likelyhood of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 99.21500 |
| 2nd High | 98.74700 |
| Next High | 98.05700 |
| Current Price | 97.29500 |
| Next Low | 96.95800 |
| 2nd Low | 96.64000 |
| 3rd Low | 95.98200 |
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Matching Low