AUD/JPY – 1H – BUY

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

A bullish movement upwards to the next resistance at 105.179 is considered certain.

Caution: A possible counter-trend in the direction of the support line at 104.718 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘%K crosses above %D’ indicator layout is existing. The indicator is ‘%K crosses above %D’. this is usually a bullish chart scenario. The currency pair is likely to rise.

There is also a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which is often a bullish signal. The pair is likely to go up.

There is also a ‘Northern Doji’ candlestick pattern is found. The chart shows ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to rise. 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).

105.179 – 105.527 – 105.928 – 104.718 – 104.558 – 104.617 —
105.07300 – 105.14300 —
42.766919901768 – 47.89416248891 —
– —
105.17900 – 1767891600

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