AUD/JPY – 30M – BUYThere is also a ‘On Neck’ candlestick pattern is detected. The chart forms ‘On Neck’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘On Neck’ heading down is 56% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 98.74700 |
| 2nd High | 98.34300 |
| Next High | 97.41300 |
| Current Price | 97.02300 |
| Next Low | 96.79100 |
| 2nd Low | 96.64000 |
| 3rd Low | 95.98200 |