AUD/JPY – 1H – BUYThe pair Australian Dollar/Japanese Yen (AUD/JPY) moves from the bullish trendline upwards
A continuation of the bullish trend upwards to the next resistance line at 114.242 is considered certain.
Caution: A possible change in the direction of support at 113.83 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Bearish SBS White Lines’ candlestick chart pattern is detected. The candles show ‘Bearish SBS White Lines’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish SBS White Lines’ going down is 56% (Bull Market) & 57% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 114.242 |
| Current Price | 114.16600 |
| Next Low | 113.83 |
| 2nd Low | 113.011 |
| 3rd Low | 112.611 |
114.242 – 113.408 – 113.19 – 113.83 – 113.011 – 112.611 —
114.18700 – 114.29700 —
62.038413031405 – 49.707702001561 —
– —
114.242 – 1776358800
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Bearish SBS White Lines – – – – – – – – –