AUD/JPY – 4H – BUY

Furthermore a ‘Double bottom chart pattern’ chart formation is detected. The chart picture forms ‘Double bottom chart pattern’. which is a bullish chart scenario. The currency pair is likely to rise.

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

An ascending movement up to the next resistance at 102.357 will persist.

Caution: A possible reversal of the trend in the direction of the support zone at 101.506 should be noted.
Consider stop-loss settings accordingly.

Furthermore a ‘Northern Doji’ candlestick pattern is detected. The candles form ‘Northern Doji’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

102.357 – 102.483 – 101.819 – 101.506 – 100.342 – 100.353 —
101.83300 – 102.34200 —
50.368886111137 – 61.216848838111 —
– —
102.35700 – 1764345600

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji – Double bottom chart pattern – – – – – – – –