AUD/JPY – 30M – SELL

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

A continuation of the bearish trend down to the next support at 108.369 is likely expected.

Caution: A possible trend reversal in the direction of the resistance line at 108.675 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Furthermore a ‘Matching Low’ candle pattern is found. The candles form ‘Matching Low’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ going up is 61% (Bull & Bear Market).

108.675 – 108.723 – 108.266 – 108.369 – 107.842 – 107.849 —
108.76200 – 108.83100 —
61.473455531463 – 55.727293277321 —
– —
108.675 – 1771387200

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Matching Low – – – – – – – – –