AUD/JPY – 30M – SELL

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

A continuation of the downtrend down to the next support line at 112.278 will persist.

Caution: A possible counter-trend in the direction of the resistance level at 112.644 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. this is usually a bearish chart signal. The currency pair is likely to fall.

Furthermore a ‘Southern Doji’ candle chart pattern is found. The candles show ‘Southern Doji’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).

112.644 – 112.461 – 112.511 – 112.278 – 112.226 – 112.242 —
112.56400 – 112.75300 —
53.562754406823 – 61.912981990941 —
– —
112.644 – 1783953000

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