AUD/JPY – 4H – SELL

Then a ‘Rising Wedge Chart Pattern’ chart formation is existing. The chart picture shows ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The currency pair is likely to go down.

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

A descent downwards to the next support level at 108.041 will persist.

Caution: A possible trend reversal in the direction of the resistance line at 110.787 could happen.
Consider stop-loss settings accordingly.

Then a ‘StochRSI %K line crosses below %D line’ indicator signal is discovered. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The pair is likely to go down.

Then a ‘Bearish Belt Hold’ candle pattern is discovered. The chart forms ‘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 likelyhood of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

110.787 – 110.184 – 108.996 – 108.041 – 106.519 – 106.072 —
109.39900 – 108.67400 —
46.203310719042 – 39.778212265706 —
– —
110.787 – 1770595200

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Bearish Belt Hold – Rising Wedge Chart Pattern – – – – – – – –