AUD/JPY – 30M – SELL

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

A continuation of the downward movement down to the next support level at 109.068 is considered certain.

Caution: A possible trend reversal in the direction of the resistance level at 109.797 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘StochRSI %K line crosses below %D line’ indicator signal is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative chart scenario. The currency pair is likely to fall.

Also there is a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The currency pair could go down.

Also there is a ‘Bearish Belt Hold’ candlestick pattern is detected. The candles form ‘Bearish Belt Hold’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

109.797 – 109.808 – 110.401 – 109.068 – 109.044 – 109.492 —
109.65800 – 109.76200 —
50.957992813973 – 62.292923651283 —
– —
109.797 – 1774931400

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