AUD/JPY – 1H – SELL

The currency pair Australian Dollar/Japanese Yen (AUD/JPY) jumps from the ascending trendline downwards

A descending movement downwards to the next support at 95.79700 is considered certain.

Caution: A possible change in the direction of the resistance level at 98.73100 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is considered certain. Current target is 97.293 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support level at 98.73100 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Three Black Crows’ candlestick chart pattern is detected. The candles show ‘Three Black Crows’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.

Download AUD/JPY Signal Image

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Black Crows