AUD/JPY – 1H – SELL

The currency pair Australian Dollar/Japanese Yen (AUD/JPY) jumps from the bearish trendline downwards

A continuation of the downtrend downwards to the next support line at 107.967 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 109.48 should be noted.
Consider stop-loss settings accordingly.

Besides a ‘Bearish Engulfing’ candlestick pattern is found. The candles form ‘Bearish Engulfing’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ going down is 79%.

109.48 – 109.638 – 109.525 – 107.967 – 108.641 – 108.559 —
108.60400 – 108.17500 —
45.000172745273 – 44.581053691442 —
– —
109.48 – 1770908400

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Bearish Engulfing – – – – – – – – –