Sell AUD/JPY – 4H – SELL

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

The bearish trend down to the next support level at 94.32300 is considered certain.

Caution: A possible reversal of the trend in the direction of resistance at 97.32600 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Bearish Harami’ candle chart pattern is existing. The chart forms ‘Bearish Harami’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Harami’ heading down is 53% (Bull Market) & 50% (Bear Market).

Support & Resistance Price Range*
3rd High 99.16100
2nd High 98.75900
Next High 97.32600
Current Price 96.55800
Next Low 94.32300
2nd Low
3rd Low

Download AUD/JPY Signal Image

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