AUD/JPY – 30M – BUY

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

The bearish trend downwards to the next support level at 90.48000 is certain.

Caution: A possible change in the direction of the resistance level at 91.16600 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Northern Doji’ candle pattern is found. The candles form ‘Northern Doji’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

Also there is a ‘Double top chart pattern’ chart layout is discovered. The chart picture forms ‘Double top chart pattern’. which is a negative pattern signal. The pair is likely to go down.

Also there is a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The currency pair is likely to fall.

91.16600 – 90.81400 – 91.20200 – 90.48000 – 90.30100 – 90.13400

Download AUD/JPY Signal Image

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji