AUD/JPY – 30M – BUY

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

A continuation of the uptrend upwards to the next resistance level at 102.357 will continue.

Caution: A possible change in the direction of the support zone at 101.615 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. this is usually a bullish chart scenario. The pair is likely to go up.

Then a ‘Northern Doji’ candlestick chart pattern is discovered. The chart shows ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

102.357 – 102.303 – 102.131 – 101.615 – 101.836 – 101.633 —
101.83300 – 101.72500 —
39.455519785047 – 36.511938435432 —
– —
102.35700 – 1764351000

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