Buy AUD/JPY – 30M – BUY

The pair Australian Dollar/Japanese Yen (AUD/JPY) jumps from the bearish trendline downwards

A continuation of the downtrend downwards to the next support at 90.58300 is certain.

Caution: A possible change in the direction of the resistance line at 91.54000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend is certain. Current target is 91.770646 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the resistance line at 91.54000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive chart signal. The currency pair is likely to rise.

Next a ‘Northern Doji’ candlestick pattern is discovered. The chart shows ‘Northern Doji’. which is a bullish signal. The currency pair is likely to go up. 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).

Next a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. which is often a bullish signal. The currency pair is likely to rise.

Support & Resistance Price Range*
3rd High 91.94900
2nd High 91.67700
Next High 91.54000
Current Price 91.36300
Next Low 90.58300
2nd Low 90.54800
3rd Low 89.63300

91.54000 – 91.67700 – 91.94900 – 90.58300 – 91.19600 – 91.47300

Download AUD/JPY Signal Image

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