AUD/JPY – 1H – SELLThe currency pair Australian Dollar/Japanese Yen (AUD/JPY) moves from the bullish trendline down.
The bearish trend down to the next support line at 97.66400 will continue.
Caution: A possible counter-trend in the direction of resistance at 98.49900 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Bearish Harami’ chart pattern is discovered. The chart forms ‘Bearish Harami’. this is a bearish pattern signal. The pair is likely to go down. 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 | 101.02600 |
| 2nd High | 99.16100 |
| Next High | 98.49900 |
| Current Price | 98.08200 |
| Next Low | 97.66400 |
| 2nd Low | 97.49000 |
| 3rd Low | 97.04900 |
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Bearish Harami