AUD/JPY – 4H – SELLThe currency pair Australian Dollar/Japanese Yen (AUD/JPY) goes from the ascending trendline downwards
A bearish movement down to the next support level at 95.79700 is expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 98.43800 could occur.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Bearish Harami’ candle pattern is detected. The candles show ‘Bearish Harami’. this 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 Harami’ going down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 101.55400 |
| 2nd High | 98.72700 |
| Next High | 98.43800 |
| Current Price | 97.26900 |
| Next Low | 95.79700 |
| 2nd Low | 95.51400 |
| 3rd Low |
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Bearish Harami