AUD/JPY – 4H – BUYThe pair Australian Dollar/Japanese Yen (AUD/JPY) goes from the bullish trendline upwards
A continuation of the upward movement upwards to the next resistance line at 92.21600 will persist.
Caution: A possible change in the direction of the support zone at 90.58300 should always be considered.
Consider stop-loss settings accordingly.
And also a ‘Northern Doji’ candlestick chart pattern is detected. The chart shows ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 95.39200 |
| 2nd High | 95.30700 |
| Next High | 92.21600 |
| Current Price | 92.13600 |
| Next Low | 90.58300 |
| 2nd Low | 89.63300 |
| 3rd Low | 86.04000 |
92.21600 – 91.40300 – 91.31600 – 90.58300 – 89.63300 – 86.04000
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji