AUD/JPY – 30M – SELL

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

A descending movement down to the next support line at 108.822 is considered certain.

Caution: A possible reversal of the trend in the direction of resistance at is also possible.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Bearish Belt Hold’ candlestick chart pattern is existing. The candles show ‘Bearish Belt Hold’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).

109.547 – 108.366 – 108.172 – 108.822 – 106.853 – 107.291 —
110.03200 – 110.04100 —
64.235055460495 – 39.926436288993 —
– —
109.547 – 1770111000

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Bearish Belt Hold – Double bottom retreat down – – – – – – – –