AUD/JPY – 30M – SELL

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

A bearish descent down to the next support level at 113.336 is considered certain.

Caution: A possible counter-trend in the direction of resistance at 114.104 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Matching Low’ candle chart pattern is detected. The candles form ‘Matching Low’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ going up is 61% (Bull & Bear Market).

114.104 – 113.598 – 113.408 – 113.336 – 113.011 – 112.611 —
114.04600 – 113.96200 —
65.435793983472 – 60.194679618706 —
– —
114.104 – 1776290400

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Matching Low – – – – – – – – –