AUD/JPY – 30M – SELL

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

A descent down to the next support at 111.623 is expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 113.077 could happen.
In the case of a trade, always set appropriate stop-loss settings.

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

Besides a ‘Tweezers Top’ candlestick chart pattern is detected. The chart forms ‘Tweezers Top’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).

113.077 – 112.987 – 112.575 – 111.623 – 111.48 – 111.822 —
113.05700 – 112.98500 —
63.134689711478 – 60.014794704872 —
– —
113.077 – 1773763200

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