AUD/JPY – 30M – BUYCorrection of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Current target is 106.325 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 106.313 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Bullish Belt Hold’ candle pattern is existing. The chart forms ‘Bullish Belt Hold’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 106.711 |
| 2nd High | 106.325 |
| Next High | 106.313 |
| Current Price | 106.11500 |
| Next Low | 105.209 |
| 2nd Low | 105.175 |
| 3rd Low | 104.87 |
106.313 – 106.325 – 106.228 – 105.209 – 105.523 – 105.867 —
106.13600 – 106.17200 —
70.443287793045 – 69.438507050014 —
– —
106.31300 – 1768527000
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Bullish Belt Hold – – – – – – – – –