AUD/JPY – 30M – SELL

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

A continuation of the bearish trend down to the next support line at 111.315 is expected.

Caution: A possible reversal of the trend in the direction of resistance at 113.237 could be enabled.
Consider stop-loss settings accordingly.

Besides a ‘Tweezers Top’ candle chart pattern is existing. The candles form ‘Tweezers Top’. 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 likelyhood of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).

113.237 – 114.438 – 114.542 – 111.315 – 113.919 – 114.199 —
113.19300 – 112.69500 —
55.999779436686 – 40.652046368327 —
– —
113.237 – 1777606200

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Tweezers Top – – – – – – – – –