AUD/JPY – 4H – SELLThe pair Australian Dollar/Japanese Yen (AUD/JPY) moves from the ascending trendline downwards
The bearish trend down to the next support level at 94.32300 is considered certain.
Caution: A possible reversal of the trend in the direction of resistance at 97.32600 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Bearish Harami’ candle chart pattern is existing. The chart forms ‘Bearish Harami’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Harami’ heading down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 99.16100 |
| 2nd High | 98.75900 |
| Next High | 97.32600 |
| Current Price | 96.55800 |
| Next Low | 94.32300 |
| 2nd Low | |
| 3rd Low |
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Bearish Harami
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