AUD/JPY – 1H – SELL

And also a ‘Rising Wedge Chart Pattern’ chart layout is detected. The formation shows ‘Rising Wedge Chart Pattern’. which is a negative signal. The currency pair is likely to go down.

The currency pair Australian Dollar/Japanese Yen (AUD/JPY) jumps from the bullish trendline down.

A descent downwards to the next support line at 94.58200 will continue.

Caution: A possible trend reversal in the direction of the resistance level at 96.49300 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Northern Doji’ candle chart pattern is discovered. The chart forms ‘Northern Doji’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

96.49300 – 95.36500 – 94.67800 – 94.58200 – 94.56400 – 94.32900 — 59.298444663791 – 53.221380126342 — 43.167786470754 – 27.580945801038 – 51.964811508169 – 40.882697910151

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji – Rising Wedge Chart Pattern – –