AUD/JPY – 30M – SELL

The currency pair Australian Dollar/Japanese Yen (AUD/JPY) goes from the ascending trendline downwards

A bearish movement downwards to the next support line at 101.29 is certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 102.483 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart scenario. The pair is likely to go down.

In addition a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Current target is 101.101 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support level at 102.483 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Three Outside Down’ candle chart pattern is existing. The chart forms ‘Three Outside Down’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

102.483 – 102.235 – 101.683 – 101.29 – 101.3 – 101.748 —
101.65600 – 101.47400 —
48.407277808065 – 43.042225913313 —
– —
102.48300 – 1763656200

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Outside Down – Double top chart pattern – – – –