The pair Australian Dollar/Japanese Yen (AUD/JPY) breaks through the bullish trendline upwards
A continuation of the bullish trend upwards to the next resistance line at 102.842 will persist.
Caution: A possible change in the direction of the support line at 102.094 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Northern Doji’ chart pattern is discovered. The candles show ‘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 probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 102.842 |
| Current Price | 102.57600 |
| Next Low | 102.094 |
| 2nd Low | 102.013 |
| 3rd Low | 101.594 |
102.842 – 102.505 – 102.495 – 102.094 – 102.096 – 102.013 —
102.47900 – 102.58400 —
48.067321037 – 53.561804241679 —
– —
102.84200 – 1764831600
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji – – – – – – – – –