AUD/JPY – 1H – SELL

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

A bearish movement downwards to the next support at 113.709 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at could occur.
Consider stop-loss settings accordingly.

Besides a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which is often a bearish signal. The currency pair could go down.

Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 114.141252 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support zone at could occur.
Consider stop-loss settings accordingly.

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

114.257 – 114.251 – 114.293 – 113.709 – 113.679 – 113.65 —
114.58900 – 114.54100 —
71.383497791932 – 55.236227499866 —
– —
114.257 – 1776942000

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