AUD/JPY – 1H – SELL

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

A bearish trend downwards to the next support at 108.041 will persist.

Caution: A possible trend reversal in the direction of the resistance zone at 110.184 could occur.
Consider stop-loss settings accordingly.

Furthermore a ” indicator signal is existing. The indicator is ”. this is usually a bearish chart scenario. The currency pair could go down.

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Furthermore a ‘StochRSI %K line crosses below %D line’ indicator signal is existing. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart scenario. The currency pair could go down.

Furthermore a ‘Bearish Belt Hold’ chart pattern is detected. The chart shows ‘Bearish Belt Hold’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

110.184 – 109.547 – 108.579 – 108.041 – 109.076 – 106.853 —
110.11900 – 110.47800 —
65.382348678403 – 74.326565671294 —
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110.184 – 1770213600

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Bearish Belt Hold – – – – – – – – –