AUD/JPY – 30M – BUY

The pair Australian Dollar/Japanese Yen (AUD/JPY) breaks through the bearish trendline upwards

A bullish ascent upwards to the next resistance line at 94.88600 is likely expected.

Caution: A possible change in the direction of the support level at 93.96000 is within the realm of possibility.
Consider stop-loss settings accordingly.

Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish chart signal. The pair is likely to go up.

Next a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. this is usually a bullish chart scenario. The currency pair could go up.

Next a ‘Northern Doji’ candle chart pattern is existing. The chart forms ‘Northern Doji’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

94.88600 – 94.54200 – 94.74500 – 93.96000 – 94.22600 – 93.98900

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji –