AUD/JPY – 1H – BUYAnd also a ‘Double top retreat up’ chart layout is detected. The chart picture shows ‘Double top retreat up’. which is a bullish chart scenario. The currency pair is likely to go up.
The currency pair Australian Dollar/Japanese Yen (AUD/JPY) moves from the descending trendline upwards
A bullish ascent up to the next resistance line at 93.90700 is certain.
Caution: A possible reversal of the trend in the direction of the support level at 92.55100 could occur.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Northern Doji’ candlestick pattern is found. The chart forms ‘Northern Doji’. which is a bullish chart scenario. The 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 | 94.74500 |
| 2nd High | 94.71000 |
| Next High | 93.90700 |
| Current Price | 93.19900 |
| Next Low | 92.55100 |
| 2nd Low | 92.05400 |
| 3rd Low | 92.00900 |
93.90700 – 94.71000 – 94.74500 – 93.23200 – 94.19000 – 93.88900
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji