The pair Australian Dollar/Japanese Yen (AUD/JPY) moves from the bullish trendline downwards
A bearish descent down to the next support level at 100.342 will continue.
Caution: A possible counter-trend in the direction of resistance at 102.483 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Northern Doji’ candle chart pattern is existing. The chart shows ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 102.483 |
| Current Price | 101.59700 |
| Next Low | 100.342 |
| 2nd Low | 100.138 |
| 3rd Low | 98.963 |
101.503 – 101.47 – 101.364 – 100.342 – 100.957 – 100.353 —
101.51000 – 101.71600 —
65.355859312073 – 66.192045818777 —
– —
101.50300 – 1764032400
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji – – – – – – – – –