AUD/JPY – 30M – SELL

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

A continuation of the downward movement down to the next support level at 106.074 is expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 106.837 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘ ‘ indicator layout is existing. The indicator shows ‘ ‘. which could be a negative signal. The currency pair is likely to fall.

Besides a ‘Tweezers Top’ candle pattern is detected. The chart forms ‘Tweezers Top’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).

106.837 – 107.087 – 106.882 – 106.074 – 106.449 – 106.072 —
106.66000 – 106.80100 —
49.805363386104 – 53.505264359731 —
– —
106.83700 – 1769535000

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Tweezers Top – Double bottom chart pattern – – – – – – – –