Sell AUD/JPY – 30M – SELL

The combination Australian Dollar/Japanese Yen (AUD/JPY) goes from the bearish trendline down.

A continuation of the downtrend down to the next support level at 97.00600 is certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 98.34300 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Bearish Engulfing’ candle pattern is found. The chart forms ‘Bearish Engulfing’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ going down is 79%.

Support & Resistance Price Range*
3rd High 99.21500
2nd High 98.74700
Next High 98.34300
Current Price 97.53500
Next Low 97.00600
2nd Low 96.95800
3rd Low 96.64000

Download AUD/JPY Signal Image

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