AUD/JPY – 1H – BUY

The combination Australian Dollar/Japanese Yen (AUD/JPY) breaks through the descending trendline up.

A bullish movement upwards to the next resistance line at 95.59100 is considered certain.

Caution: A possible trend reversal in the direction of the support zone at 95.13700 could happen.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. this is usually a bullish chart signal. The currency pair could go up.

Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 96.044456 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of resistance at 95.59100 could happen.
Please make appropriate stop-loss settings in the case of a trade.

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

95.59100 – 96.19500 – 96.06900 – 95.13700 – 94.57000 – 94.39700 — 59.264229168933 – 60.265696668675 — 77.400606621987 – 73.655533155342 – 82.147021029459 – 77.351278683046

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