AUD/JPY – 1H – SELL

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

The bearish trend downwards to the next support line at 94.56400 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance zone at 95.36500 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Tweezers Top’ chart pattern is discovered. The chart forms ‘Tweezers Top’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).

95.36500 – 94.67800 – 94.88600 – 94.56400 – 94.32900 – 94.11700 — 43.177982813693 – 39.837607895624

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