AUD/JPY – 30M – BUYCorrection of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will persist. Target of the current trend is 92.216 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance zone at 92.09400 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Northern Doji’ candle pattern is existing. The candles form ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 93.13100 |
| 2nd High | 92.21600 |
| Next High | 92.09400 |
| Current Price | 91.91400 |
| Next Low | 91.33100 |
| 2nd Low | 90.80100 |
| 3rd Low | 90.54800 |
92.09400 – 92.21600 – 91.04900 – 91.33100 – 90.80100 – 90.54800
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji