AUD/JPY – 30M – SELL

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

A continuation of the downward movement down to the next support line at 100.342 is considered certain.

Caution: A possible counter-trend in the direction of the resistance level at 102.024 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. which is often a bearish chart scenario. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 101.664052 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of support at 102.024 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

102.024 – 101.741 – 101.503 – 100.342 – 100.957 – 100.353 —
101.96600 – 102.01900 —
63.329894042746 – 63.101979536738 —
– —
102.02400 – 1764190800

Trading Signals: FOREX – AUD – AUD/JPY – JPY – – Inverse Head and Shoulder chart pattern – – – – – – – –