AUD/JPY – 30M – SELLThe pair Australian Dollar/Japanese Yen (AUD/JPY) moves from the descending trendline down.
A continuation of the downward movement down to the next support line at 105.209 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 106.313 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘%K crosses below %D’ indicator layout is existing. The indicator is ‘%K crosses below %D’. which is often a bearish chart scenario. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 106.711 |
| 2nd High | 106.325 |
| Next High | 106.313 |
| Current Price | 106.12500 |
| Next Low | 105.209 |
| 2nd Low | 105.175 |
| 3rd Low | 104.87 |
106.313 – 106.325 – 106.228 – 105.209 – 105.523 – 105.867 —
105.94500 – 106.16700 —
64.954059281908 – 73.941537901632 —
– —
106.31300 – 1768527000
Trading Signals: FOREX – AUD – AUD/JPY – JPY – – Double bottom chart pattern – – – – – – – –