AUD/JPY – 1H – SELL

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

A continuation of the bearish trend downwards to the next support level at 112.03 will continue.

Caution: A possible change in the direction of the resistance level at 112.89 could occur.
Consider stop-loss settings accordingly.

Also there is a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart signal. The pair is likely to go down.

Also there is a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which is often a bearish signal. The currency pair is likely to fall.

Also there is a ‘Shooting Star’ candle pattern is detected. The candles show ‘Shooting Star’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Shooting Star’ going down is 59% (Bull Market) & 60% (Bear Market).

112.89 – 112.534 – 112.834 – 112.03 – 112.176 – 112.386 —
112.81200 – 112.86000 —
61.869705280401 – 58.29574826936 —
– —
112.89 – 1781229600

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Shooting Star – – – – – – – – –