AUD/JPY – 30M – SELL

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

The bearish trend downwards to the next support at 106.29400 is considered certain.

Caution: A possible trend reversal in the direction of the resistance zone at 106.585 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Three Black Crows’ candlestick chart pattern is existing. The chart forms ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.

106.585 – 106.817 – 106.313 – 106.29400 – 105.973 – 105.908 —
106.43500 – 106.73200 —
43.285661451777 – 57.813938081281 —
106.29400 – 1768975200 —
106.58500 – 1768946400

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Black Crows – – – – – – – – –