AUD/JPY – 1H – BUY

The combination Australian Dollar/Japanese Yen (AUD/JPY) goes from the bullish trendline upwards

A continuation of the uptrend up to the next resistance line at 94.88600 is considered certain.

Caution: A possible change in the direction of support at 93.98900 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Northern Doji’ candlestick chart pattern is detected. The candles show ‘Northern Doji’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

94.88600 – 94.84800 – 94.74700 – 93.98900 – 94.05600 – 93.94200

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