AUD/JPY – 1H – SELL

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

A continuation of the downward movement down to the next support level at 96.16000 is expected.

Caution: A possible reversal of the trend in the direction of resistance at 97.53600 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Target of the current trend is 96.16 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support zone at 97.53600 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Three Black Crows’ chart pattern is discovered. The chart forms ‘Three Black Crows’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.

Download AUD/JPY Signal Image

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Black Crows