AUD/JPY – 30M – SELL

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

A continuation of the bearish trend down to the next support at will continue.

Caution: A possible trend reversal in the direction of the resistance zone at 108.481 should be noted.
Consider stop-loss settings accordingly.

Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The currency pair could go down.

Also there is a ‘Bearish Belt Hold’ candle pattern is detected. The candles show ‘Bearish Belt Hold’. 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 ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

108.481 – 108.566 – 108.042 – 107.538 – 106.396 – 106.074 —
108.09200 – 107.66900 —
27.433306314271 – 47.240550976212 —
– —
108.48100 – 1769704200

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Bearish Belt Hold – Head and Shoulder chart pattern – – – – – – – –