AUD/JPY – 30M – SELL

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

A bearish descent down to the next support at 96.79100 is expected.

Caution: A possible change in the direction of the resistance line at 97.41300 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Target of the current trend is 96.791 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support level at 97.41300 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Three Black Crows’ chart pattern is existing. The candles form ‘Three Black Crows’. this is a bearish pattern signal. The currency 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’ going down is 82%.

Download AUD/JPY Signal Image

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