AUD/JPY – 30M – SELL

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

The bearish trend downwards to the next support level at 111.822 will persist.

Caution: A possible change in the direction of the resistance zone at 112.885 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Current target is 111.822 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the support zone at 112.885 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Three Outside Down’ candle pattern is discovered. The chart shows ‘Three Outside Down’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

112.885 – 113.736 – 113.953 – 111.822 – 112.486 – 112.617 —
112.26800 – 112.44400 —
38.395580908613 – 49.974480860368 —
– —
112.885 – 1773379800

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Outside Down – Rising Wedge Chart Pattern – – – – – – – –