AUD/JPY – 1H – SELL

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

A descending movement downwards to the next support level at 97.70600 will persist.

Caution: A possible trend reversal in the direction of the resistance level at 101.02600 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Current target is 97.706 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support level at 101.02600 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Three Black Crows’ chart pattern is existing. The candles form ‘Three Black Crows’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.

Download AUD/JPY Signal Image

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Black Crows