AUD/JPY – 1H – BUY

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

A continuation of the upward movement upwards to the next resistance level at 102.505 is considered certain.

Caution: A possible trend reversal in the direction of the support level at 102.096 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Northern Doji’ candle chart pattern is existing. The candles form ‘Northern Doji’. which is a positive pattern signal. The currency 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).

102.505 – 102.495 – 102.357 – 102.096 – 102.013 – 101.506 —
102.43000 – 102.84200 —
51.36388146479 – 57.764874686302 —
– —
102.50500 – 1764745200

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