AUD/JPY – 30M – SELL

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

A bearish movement downwards to the next support at 94.22500 is likely expected.

Caution: A possible counter-trend in the direction of the resistance line at 94.55700 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The currency pair could go down.

Also there is a ‘Northern Doji’ chart pattern is found. The candles form ‘Northern Doji’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

94.55700 – 94.88600 – 94.54200 – 94.22500 – 93.96000 – 94.22600

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji – Double bottom retreat down