AUD/JPY – 30M – BUYThe 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
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three White Soldiers