The pair Australian Dollar/Japanese Yen (AUD/JPY) breaks through the ascending trendline upwards
A continuation of the bullish trend upwards to the next resistance line at 112.755 is expected.
Caution: A possible reversal of the trend in the direction of the support level at 112.18 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘StochRSI %K crosses above 0.2’ indicator signal is detected. The indicator is ‘StochRSI %K crosses above 0.2’. this is usually a bullish chart scenario. The currency pair could go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 113.437 |
| 2nd High | 112.805 |
| Next High | 112.755 |
| Current Price | 113.36900 |
| Next Low | 112.18 |
| 2nd Low | 111.148 |
| 3rd Low | 108.777 |
112.755 – 112.805 – 112.626 – 112.18 – 112.2 – 111.148 —
113.52600 – 113.49300 —
66.408189522369 – 51.923730181559 —
– —
112.755 – 1783612800
Trading Signals: FOREX – AUD – AUD/JPY – JPY – – – – – – – – – –