Sell AUD/JPY – 30M – SELL

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

A continuation of the bearish trend down to the next support at 97.31700 is certain.

Caution: A possible trend reversal in the direction of resistance at 98.01100 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Three Black Crows’ chart pattern is existing. The candles form ‘Three Black Crows’. this 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 Black Crows’ heading down is 82%.

Support & Resistance Price Range*
3rd High 98.74700
2nd High 98.02700
Next High 98.01100
Current Price 96.61700
Next Low 97.31700
2nd Low 96.70700
3rd Low 95.65700

Download AUD/JPY Signal Image

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