AUD/JPY – 30M – SELL

Furthermore a ‘Double bottom retreat down’ chart layout is detected. The formation shows ‘Double bottom retreat down’. which is a negative pattern signal. The currency pair is likely to fall.

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

A descending movement downwards to the next support at 94.09600 is likely expected.

Caution: A possible trend reversal in the direction of resistance at 94.83400 could happen.
Consider stop-loss settings accordingly.

Furthermore a ‘Northern Doji’ chart pattern is detected. The chart forms ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

94.43600 – 94.34000 – 94.26100 – 94.09600 – 93.84900 – 93.79900

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji