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 is expected.

Caution: A possible change in the direction of resistance at 95.36500 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Tweezers Top’ candlestick pattern is existing. The chart forms ‘Tweezers Top’. this is a bearish signal. The currency pair is likely to fall. 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 –