AUD/JPY – 1H – SELL

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

A descent down to the next support at is expected.

Caution: A possible counter-trend in the direction of the resistance level at 111.469 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Current target is 110.1345 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support zone at 111.469 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

111.469 – 110.433 – 110.067 – 108.8 – 108.983 – 108.873 —
111.14900 – 110.81500 —
47.391235946215 – 41.063585255312 —
– —
111.469 – 1772053200

Trading Signals: FOREX – AUD – AUD/JPY – JPY – – Double top chart pattern – – – – – – – –