The combination Australian Dollar/Japanese Yen (AUD/JPY) jumps from the bearish trendline down.
A continuation of the bearish trend down to the next support level at 111.315 will persist.
Caution: A possible counter-trend in the direction of resistance at 113.23700 could be enabled.
Consider stop-loss settings accordingly.
Also there is a ‘StochRSI %K line crosses above %D line’ indicator layout is existing. The indicator is ‘StochRSI %K line crosses above %D line’. which could be a positive chart scenario. The pair is likely to go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 114.542 |
| 2nd High | 114.438 |
| Next High | 113.23700 |
| Current Price | 112.49200 |
| Next Low | 111.315 |
| 2nd Low | 110.302 |
| 3rd Low | 109.756 |
113.23700 – 114.438 – 114.542 – 111.315 – 113.919 – 114.074 —
113.23700 – 112.74100 —
48.76786245666 – 43.026275289748 —
113.23700 – 1777604400 —
– 1777604400
Trading Signals: FOREX – AUD – AUD/JPY – JPY – – – – – – – – – –