AUD/JPY – 1H – SELL

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

A continuation of the downward movement down to the next support level at 110.063 will persist.

Caution: A possible change in the direction of the resistance level at 111.053 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘MACD crosses below signal’ indicator layout is existing. The indicator is ‘MACD crosses below signal’. which is often a bearish chart signal. The currency pair could go down.

And also a ‘Bearish Engulfing’ candlestick chart pattern is discovered. The chart forms ‘Bearish Engulfing’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.

111.053 – 111.212 – 112.086 – 110.063 – 109.92 – 109.526 —
110.87500 – 110.97600 —
55.928109141534 – 43.026013482081 —
– —
111.053 – 1772722800

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Bearish Engulfing – – – – – – – – –