The currency pair Australian Dollar/Japanese Yen (AUD/JPY) breaks through the ascending trendline upwards
A continuation of the uptrend upwards to the next resistance at 95.30700 is considered certain.
Caution: A possible change in the direction of the support level at 92.80500 is within the realm of possibility.
Consider stop-loss settings accordingly.
Moreover a ‘Northern Doji’ candle chart pattern is existing. The chart shows ‘Northern Doji’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
Support & Resistance | Price Range* |
---|---|
3rd High | 95.74300 |
2nd High | 95.39200 |
Next High | 95.30700 |
Current Price | 93.91900 |
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 – Northern Doji