AUD/JPY – 1H – SELL

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

A continuation of the bearish trend down to the next support at 101.836 is likely expected.

Caution: A possible change in the direction of the resistance zone at 102.303 should always be considered.
Consider stop-loss settings accordingly.

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

Additionally a ‘Three Outside Down’ candle chart pattern is found. The candles show ‘Three Outside Down’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

102.303 – 101.503 – 102.483 – 101.836 – 101.633 – 100.342 —
102.02700 – 102.28800 —
47.647046440459 – 61.84448718569 —
– —
102.30300 – 1764295200

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