The combination Australian Dollar/Japanese Yen (AUD/JPY) breaks through the bearish trendline upwards
A bullish movement upwards to the next resistance line at 111.87600 is considered certain.
Caution: A possible reversal of the trend in the direction of the support level at is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish chart scenario. The pair is likely to go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 112.626 |
| 2nd High | 112.263 |
| Next High | 111.87600 |
| Current Price | 111.83900 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
111.87600 – 112.263 – 112.626 – 111.148 – 111.978 – 111.287 —
111.87600 – 111.83700 —
56.199121934504 – 55.785462518287 —
111.87600 – 1783062000 —
– 1783062000
Trading Signals: FOREX – AUD – AUD/JPY – JPY – – – – – – – – – –