AUD/JPY – 30M – BUYThe pair Australian Dollar/Japanese Yen (AUD/JPY) breaks through the descending trendline up.
The bullish trend up to the next resistance level at 108.052 is considered certain.
Caution: A possible reversal of the trend in the direction of the support level at 107.287 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive signal. The currency pair is likely to rise.
Moreover a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. which is often a bullish chart scenario. The pair is likely to go up.
Moreover a ‘Bullish Belt Hold’ chart pattern is discovered. The chart forms ‘Bullish Belt Hold’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 108.566 |
| 2nd High | 108.481 |
| Next High | 108.052 |
| Current Price | 107.83300 |
| Next Low | 107.287 |
| 2nd Low | 106.519 |
| 3rd Low | 106.396 |
108.052 – 108.481 – 108.566 – 107.287 – 106.519 – 107.538 —
107.81900 – 107.96700 —
49.045980787156 – 51.638685257833 —
– —
108.05200 – 1769738400
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Bullish Belt Hold – – – – – – – – –