AUD/JPY – 30M – SELL

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

A continuation of the downtrend downwards to the next support line at 108.85 is likely expected.

Caution: A possible trend reversal in the direction of resistance at 109.536 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart signal. The pair is likely to go down.

There is also a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 108.8015 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of support at 109.536 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Three Black Crows’ candle chart pattern is found. The candles form ‘Three Black Crows’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.

109.536 – 109.761 – 109.2 – 108.85 – 108.369 – 107.842 —
109.45300 – 109.44700 —
55.808129441055 – 51.973501716679 —
– —
109.536 – 1771522200

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Black Crows – Double top chart pattern – – – – – – – –