AUD/JPY – 30M – SELL

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

A continuation of the bearish trend down to the next support at 95.86600 is expected.

Caution: A possible change in the direction of the resistance level at 96.19500 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which could be a negative signal. The currency pair is likely to fall.

Next a ‘Tweezers Top’ candlestick pattern is existing. The chart forms ‘Tweezers Top’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).

96.19500 – 96.16200 – 95.87600 – 95.86600 – 95.74100 – 95.51600 — 58.383018223413 – 48.90703082561 — 100 – 80.181139005405 – 92.959149784125 – 93.314374280816

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Tweezers Top – – –