The combination Australian Dollar/Japanese Yen (AUD/JPY) breaks through the bullish trendline upwards
A continuation of the upward movement upwards to the next resistance level at is expected.
Caution: A possible trend reversal in the direction of support at 113.83 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Three White Soldiers’ candle chart pattern is detected. The candles show ‘Three White Soldiers’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 114.33700 |
| Next Low | 113.83 |
| 2nd Low | 113.749 |
| 3rd Low | 113.336 |
114.242 – 114.203 – 114.104 – 113.83 – 113.933 – 113.749 —
114.11100 – 114.29500 —
60.068496605711 – 74.461629888852 —
– —
114.242 – 1776358800
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three White Soldiers – – – – – – – – –