AUD/JPY – 30M – SELLThe pair Australian Dollar/Japanese Yen (AUD/JPY) moves from the bullish trendline downwards
A bearish trend down to the next support at 97.62600 will continue.
Caution: A possible change in the direction of the resistance level at 98.27500 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Bearish Engulfing’ candlestick pattern is found. The chart shows ‘Bearish Engulfing’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 99.21500 |
| 2nd High | 98.74700 |
| Next High | 98.27500 |
| Current Price | 98.19900 |
| Next Low | 97.62600 |
| 2nd Low | 97.54200 |
| 3rd Low | 97.00600 |
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Bearish Engulfing