AUD/JPY – 1H – SELL

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

A descending movement down to the next support level at 94.56400 is likely expected.

Caution: A possible counter-trend in the direction of the resistance zone at 95.36500 should be noted.
Consider stop-loss settings accordingly.

Also there is a ‘Tweezers Top’ candle pattern is discovered. The candles show ‘Tweezers Top’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).

95.36500 – 94.67800 – 94.88600 – 94.56400 – 94.32900 – 94.11700

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Tweezers Top –