AUD/JPY – 30M – SELL

Additionally a ‘Rising Wedge Chart Pattern’ chart layout is detected. The chart shows ‘Rising Wedge Chart Pattern’. which is a negative signal. The currency pair is likely to go down.

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

The bearish trend downwards to the next support at 105.973 is expected.

Caution: A possible change in the direction of resistance at 106.817 should always be considered.
Consider stop-loss settings accordingly.

Additionally a ‘Northern Doji’ candlestick chart pattern is detected. The candles form ‘Northern Doji’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

106.817 – 106.313 – 106.325 – 105.973 – 105.908 – 105.209 —
106.49900 – 106.48700 —
57.590283297745 – 52.743124136633 —
– —
106.81700 – 1768901400

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