AUD/JPY – 1H – SELL

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

A descent down to the next support level at 94.56400 will persist.

Caution: A possible change in the direction of resistance at 95.36500 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Tweezers Top’ candle pattern is existing. The chart forms ‘Tweezers Top’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood 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 –