AUD/JPY – 4H – BUY

The combination Australian Dollar/Japanese Yen (AUD/JPY) breaks through the bullish trendline upwards

A continuation of the bullish trend upwards to the next resistance level at is expected.

Caution: A possible counter-trend in the direction of support at 101.506 should always be considered.
Consider stop-loss settings accordingly.

Also there is a ‘%K crosses above %D’ indicator layout is found. The indicator is ‘%K crosses above %D’. which could be a positive chart scenario. The pair is likely to go up.

Also there is a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. this is usually a bullish chart scenario. The currency pair is likely to rise.

Also there is a ‘Northern Doji’ candlestick chart pattern is discovered. The chart shows ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

102.357 – 102.483 – 101.819 – 101.506 – 100.342 – 100.353 —
102.49500 – 102.51500 —
59.081648317966 – 61.413585848633 —
– —
102.35700 – 1764345600

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