AUD/JPY – 30M – BUYThe pair Australian Dollar/Japanese Yen (AUD/JPY) goes from the bullish trendline downwards
The bearish trend down to the next support line at 97.54200 is expected.
Caution: A possible reversal of the trend in the direction of resistance at 98.05700 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Matching Low’ candlestick chart pattern is existing. The chart shows ‘Matching Low’. this is a bullish pattern signal. The pair is likely to go up. 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 | 97.95300 |
| Next Low | 97.54200 |
| 2nd Low | 97.00600 |
| 3rd Low | 96.95800 |
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Matching Low