AUD/JPY – 1H – SELL

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

A bearish movement downwards to the next support level at 97.49000 will continue.

Caution: A possible reversal of the trend in the direction of the resistance level at 99.16100 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Three Black Crows’ candle pattern is existing. The chart forms ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to fall. 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