AUD/JPY – 30M – BUYThe pair Australian Dollar/Japanese Yen (AUD/JPY) jumps from the bullish trendline downwards
A bearish descent down to the next support line at 97.54200 will persist.
Caution: A possible trend reversal in the direction of resistance at 98.74700 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Three White Soldiers’ candle pattern is existing. The chart forms ‘Three White Soldiers’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 100.30800 |
| 2nd High | 99.21500 |
| Next High | 98.74700 |
| Current Price | 98.15600 |
| Next Low | 97.54200 |
| 2nd Low | 97.00600 |
| 3rd Low | 96.95800 |
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three White Soldiers