AUD/JPY – 30M – SELL

The pair Australian Dollar/Japanese Yen (AUD/JPY) jumps from the ascending trendline downwards

A descent downwards to the next support line at 112.189 will continue.

Caution: A possible change in the direction of resistance at 114.438 is also possible.
Consider stop-loss settings accordingly.

In addition a ‘Three Outside Down’ candle chart pattern is existing. The chart shows ‘Three Outside Down’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

113.322 – 113.208 – 113.237 – 112.189 – 112.288 – 112.651 —
113.43700 – 113.42200 —
74.272310500939 – 68.108267668684 —
– —
113.322 – 1777874400

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Outside Down – – – – – – – – –