AUD/JPY – 1H – SELL

The combination Australian Dollar/Japanese Yen (AUD/JPY) moves from the bullish trendline down.

A bearish trend down to the next support line at 97.78000 is likely expected.

Caution: A possible trend reversal in the direction of the resistance zone at 98.40500 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 98.2335 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support zone at 98.40500 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Three Black Crows’ candlestick pattern is discovered. The chart shows ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.

Download AUD/JPY Signal Image

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