AUD/JPY – 30M – BUYCorrection of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Target of the current trend is 91.316 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance level at 91.10100 should be noted.
Consider stop-loss settings accordingly.
Additionally a ‘Northern Doji’ candlestick pattern is found. The candles form ‘Northern Doji’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 93.13100 |
| 2nd High | 91.31600 |
| Next High | 91.10100 |
| Current Price | 90.41900 |
| Next Low | 88.28100 |
| 2nd Low | 86.64500 |
| 3rd Low | 86.04000 |
90.36800 – 91.10100 – 91.31600 – 88.28100 – 88.90600 – 89.75500
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji