Also there is a ‘Double top chart pattern’ chart layout is existing. The chart shows ‘Double top chart pattern’. which is a negative chart scenario. The currency pair is likely to go down.
The currency pair Australian Dollar/Japanese Yen (AUD/JPY) moves from the descending trendline down.
A continuation of the downward movement downwards to the next support at 0 is certain.
Caution: A possible counter-trend in the direction of resistance at 0 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0 |
| 2nd High | 0 |
| Next High | 0 |
| Current Price | 100.72600 |
| Next Low | 0 |
| 2nd Low | 0 |
| 3rd Low | 0 |
101.148 – 101.131 – 101.293 – 100.769 – 100.734 – 100.22 —
100.73100 – 100.89100 —
35.228252161197 – 48.275542090253 —
– —
101.14800 – 1763406000
Trading Signals: FOREX – AUD – AUD/JPY – JPY – – Double top chart pattern – – – –