Buy AUD/JPY – 30M – BUY

The combination Australian Dollar/Japanese Yen (AUD/JPY) breaks through the bullish trendline upwards

A continuation of the upward movement up to the next resistance line at 93.32700 is likely expected.

Caution: A possible counter-trend in the direction of the support level at 92.80500 could occur.
Consider stop-loss settings accordingly.

Also there is a ‘Three White Soldiers’ chart pattern is existing. The candles show ‘Three White Soldiers’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ heading up is 82%.

Support & Resistance Price Range*
3rd High 93.56100
2nd High 93.54400
Next High 93.32700
Current Price 93.85600
Next Low 92.80500
2nd Low 92.46400
3rd Low 92.21400

93.32700 – 93.54400 – 92.80900 – 92.80500 – 92.46400 – 92.21400

Download AUD/JPY Signal Image

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