AUD/JPY – 30M – SELL

There is also a ‘Rising Wedge Chart Pattern’ chart layout is found. The chart shows ‘Rising Wedge Chart Pattern’. which is a bearish pattern signal. The currency pair is likely to go down.

The combination Australian Dollar/Japanese Yen (AUD/JPY) moves from the bullish trendline downwards

A bearish trend down to the next support level at 112.651 is likely expected.

Caution: A possible trend reversal in the direction of the resistance level at 113.322 could occur.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘MACD crosses below signal’ indicator signal is existing. The indicator shows ‘MACD crosses below signal’. which could be a negative signal. The currency pair is likely to fall.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Current target is 111.983322 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of support at 113.322 could occur.
Please make appropriate stop-loss settings in the case of a trade.

113.322 – 113.208 – 113.237 – 112.651 – 112.378 – 111.933 —
112.92100 – 112.92600 —
45.565606019045 – 47.490870897314 —
– —
113.322 – 1777874400

Trading Signals: FOREX – AUD – AUD/JPY – JPY – – Rising Wedge Chart Pattern – – – – – – – –