AUD/JPY – 1H – SELL

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

A bearish movement downwards to the next support at 100.342 is certain.

Caution: A possible counter-trend in the direction of resistance at 102.483 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend is certain. Current target is 102.483 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of resistance at 102.483 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Northern Doji’ candlestick pattern is discovered. The chart forms ‘Northern Doji’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

101.503 – 102.483 – 101.428 – 100.342 – 100.353 – 100.586 —
101.92600 – 102.01100 —
61.857001365918 – 67.093511721512 —
– —
101.50300 – 1764032400

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