AUD/JPY – 30M – SELLThe pair Australian Dollar/Japanese Yen (AUD/JPY) moves from the descending trendline downwards
A continuation of the downward movement downwards to the next support line at 107.287 is considered certain.
Caution: A possible counter-trend in the direction of resistance at 108.052 is within the realm of possibility.
Consider stop-loss settings accordingly.
Moreover a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart signal. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 108.566 |
| 2nd High | 108.481 |
| Next High | 108.052 |
| Current Price | 107.62100 |
| Next Low | 107.287 |
| 2nd Low | 106.519 |
| 3rd Low | 106.396 |
108.052 – 108.481 – 108.566 – 107.287 – 106.519 – 107.538 —
107.85700 – 107.85100 —
49.279105982101 – 53.972457748258 —
– —
108.05200 – 1769738400
Trading Signals: FOREX – AUD – AUD/JPY – JPY – – Double bottom retreat down – – – – – – – –