AUD/JPY – 1H – SELL

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

A descending movement down to the next support level at 94.56400 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 95.36500 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Tweezers Top’ candle chart pattern is existing. The candles show ‘Tweezers Top’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).

95.36500 – 94.67800 – 94.88600 – 94.56400 – 94.32900 – 94.11700 — 43.177982813693 – 39.837607895624

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Tweezers Top – –