AUD/JPY – 30M – SELL

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

A continuation of the downtrend downwards to the next support line at 110.641 is expected.

Caution: A possible counter-trend in the direction of resistance at 111.291 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. this is usually a bearish chart signal. The currency pair could go down.

Also there is a ‘Tweezers Top’ candlestick chart pattern is existing. The chart shows ‘Tweezers Top’. this is a bearish signal. The 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).

111.291 – 111.222 – 111.058 – 110.641 – 110.501 – 110.258 —
111.09500 – 111.22200 —
53.044655269057 – 53.55130303047 —
– —
111.291 – 1772213400

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Tweezers Top – – – – – – – – –