AUD/JPY – 1H – BUY

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

A continuation of the bullish trend up to the next resistance level at 102.842 is expected.

Caution: A possible reversal of the trend in the direction of the support level at 102.094 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. this is usually a bullish chart signal. The currency pair could go up.

There is also a ‘Northern Doji’ candle pattern is detected. The chart forms ‘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 probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

102.842 – 102.505 – 102.495 – 102.094 – 102.096 – 102.013 —
102.48000 – 102.54400 —
49.223406301632 – 44.496658726227 —
– —
102.84200 – 1764831600

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji – Double top retreat up – – – – – – – –