AUD/JPY – 30M – SELL

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

A bearish trend downwards to the next support line at 112.481 will continue.

Caution: A possible counter-trend in the direction of the resistance level at 113.175 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. this is usually a bearish chart signal. The currency pair is likely to fall.

Besides a ‘Matching Low’ candlestick pattern is detected. The candles form ‘Matching Low’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

113.175 – 113.182 – 113.201 – 112.643 – 112.613 – 112.481 —
113.08800 – 112.90400 —
59.274831729713 – 31.382218934797 —
– —
113.175 – 1780995600

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Matching Low – – – – – – – – –