AUD/JPY – 4H – BUY

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

A continuation of the upward movement up to the next resistance line at 102.357 is likely expected.

Caution: A possible reversal of the trend in the direction of support at 101.506 could occur.
Consider stop-loss settings accordingly.

Also there is a ‘%K crosses below %D’ indicator layout is existing. The indicator is ‘%K crosses below %D’. which is often a bearish chart scenario. The currency pair could go down.

Also there is a ‘Northern Doji’ chart pattern is detected. The candles show ‘Northern Doji’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

102.357 – 102.483 – 101.819 – 101.506 – 100.342 – 100.353 —
102.34200 – 102.61400 —
61.216848115774 – 63.709082667052 —
– —
102.35700 – 1764345600

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