AUD/JPY – 30M – SELL

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

A descending movement down to the next support at 100.342 is expected.

Caution: A possible change in the direction of resistance at 101.741 could happen.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Southern Doji’ chart pattern is discovered. The chart forms ‘Southern Doji’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).

101.741 – 101.503 – 101.47 – 100.342 – 100.957 – 100.353 —
102.00900 – 101.97300 —
76.568402465104 – 69.206113105117 —
– —
101.74100 – 1764149400

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