AUD/JPY – 1H – SELL

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

A continuation of the downtrend down to the next support line at 109.62 will persist.

Caution: A possible trend reversal in the direction of resistance at 110.401 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Southern Doji’ candle pattern is detected. The chart shows ‘Southern Doji’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).

110.401 – 110.318 – 111.158 – 109.62 – 110.515 – 110.343 —
109.66500 – 109.46900 —
33.439295780896 – 31.399674945219 —
– —
110.401 – 1774638000

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Southern Doji – – – – – – – – –