AUD/JPY – 30M – SELL

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

A continuation of the downward movement downwards to the next support level at 103.181 is considered certain.

Caution: A possible trend reversal in the direction of the resistance line at 104.225 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘%K crosses below %D’ indicator signal is discovered. The indicator is ‘%K crosses below %D’. which is often a bearish signal. The currency pair could go down.

There is also a ‘%K crosses below %D’ indicator signal is discovered. The indicator is ‘%K crosses below %D’. which is often a bearish signal. The currency pair could go down.

Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Current target is 104.092112 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the resistance line at 104.225 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Northern Doji’ candlestick chart pattern is existing. The candles form ‘Northern Doji’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

104.225 – 104.307 – 104.227 – 103.181 – 103.723 – 103.83 —
103.54900 – 103.71300 —
36.457494696169 – 50.125729901422 —
– —
104.22500 – 1765405800

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji – Double bottom chart pattern – – – – – – – –