Sell AUD/JPY – 30M – SELL

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

A descending movement downwards to the next support line at 96.75400 will persist.

Caution: A possible trend reversal in the direction of the resistance line at 98.01100 should always be considered.
Consider stop-loss settings accordingly.

Furthermore a ‘Bearish Engulfing’ candle chart pattern is found. The candles show ‘Bearish Engulfing’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ going down is 79%.

Support & Resistance Price Range*
3rd High 98.74700
2nd High 98.02700
Next High 98.01100
Current Price 97.41000
Next Low 96.75400
2nd Low 96.26700
3rd Low 95.65700

Download AUD/JPY Signal Image

Trading Signals:

Forex and Crypto Live Trading Signals - MyLiveSignals