AUD/JPY – 1H – SELLThe currency pair Australian Dollar/Japanese Yen (AUD/JPY) moves from the ascending trendline downwards
A descent down to the next support level at 96.81 is expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 97.322 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Tweezers Top’ candlestick chart pattern is existing. The candles form ‘Tweezers Top’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 97.502 |
| 2nd High | 97.425 |
| Next High | 97.322 |
| Current Price | 97.63300 |
| Next Low | 96.81 |
| 2nd Low | 96.306 |
| 3rd Low | 95.76 |
97.322 – 97.425 – 96.996 – 96.81 – 97.044 – 96.306 — 77.338199868502 – 70.580552392594 — 100 – 87.081878152891 – 92.268729365318 – 93.65934566427
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Tweezers Top – – –