AUD/JPY – 1H – SELL

Besides a ‘Rising Wedge Chart Pattern’ chart layout is existing. The formation shows ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to go down.

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

A descent down to the next support at 100.22 is certain.

Caution: A possible counter-trend in the direction of resistance at 101.148 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart scenario. The currency pair is likely to fall.

Besides a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. this is usually a bearish chart signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Target of the current trend is 100.473228 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support zone at 101.148 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

101.148 – 101.131 – 101.293 – 100.734 – 100.22 – 100.395 —
101.00600 – 100.77800 —
44.43625474434 – 44.359933968395 —
– —
101.14800 – 1763406000

Trading Signals: FOREX – AUD – AUD/JPY – JPY – – Rising Wedge Chart Pattern – – – –