AUD/JPY – 1H – SELL

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

A continuation of the downward movement down to the next support at 100.138 is likely expected.

Caution: A possible reversal of the trend in the direction of resistance at 101.148 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Northern Doji’ candlestick chart pattern is detected. The chart forms ‘Northern Doji’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

101.148 – 101.131 – 101.293 – 100.138 – 100.734 – 100.22 —
100.57800 – 101.06700 —
37.817715253629 – 53.99034319069 —
– —
101.14800 – 1763406000

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji – Double bottom chart pattern – – – –