AUD/JPY – 4H – BUYThere is also a ‘Bearish Breakaway’ chart pattern is detected. The candles show ‘Bearish Breakaway’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Breakaway’ going down is 63% (Bull Market) & 89% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 102.39800 |
| 2nd High | 101.55400 |
| Next High | 98.34300 |
| Current Price | 97.87600 |
| Next Low | 95.98200 |
| 2nd Low | 95.51400 |
| 3rd Low |
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Bearish Breakaway