AUD/JPY – 1H – SELL

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

A continuation of the bearish trend down to the next support line at 106.519 will continue.

Caution: A possible counter-trend in the direction of the resistance line at 108.579 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘MACD crosses below signal’ indicator signal is existing. The indicator shows ‘MACD crosses below signal’. which could be a negative chart scenario. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Target of the current trend is 107.3255 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of support at 108.579 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

108.579 – 108.566 – 107.138 – 106.519 – 106.074 – 106.072 —
107.95300 – 108.17200 —
47.003514859872 – 57.932041460106 —
– —
108.57900 – 1769792400

Trading Signals: FOREX – AUD – AUD/JPY – JPY – – Head and Shoulder chart pattern – – – – – – – –