AUD/JPY – 1H – SELL

In addition a ‘Rising Wedge Chart Pattern’ chart formation is found. The chart shows ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The currency pair is likely to go down.

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

A descent downwards to the next support at 94.58200 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 96.49300 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Northern Doji’ candle chart pattern is found. The candles show ‘Northern Doji’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going 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 – –