AUD/JPY – 30M – SELL

The pair Australian Dollar/Japanese Yen (AUD/JPY) jumps from the descending trendline down.

A continuation of the downward movement downwards to the next support line at 93.96000 is considered certain.

Caution: A possible change in the direction of the resistance level at 94.88600 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The pair is likely to go down.

Additionally a ‘Three Outside Down’ candle chart pattern is detected. The chart forms ‘Three Outside Down’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

94.88600 – 94.54200 – 94.74500 – 93.96000 – 94.22600 – 93.98900

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Outside Down –