AUD/JPY – 1H – BUY

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

A continuation of the upward movement upwards to the next resistance line at 105.928 is expected.

Caution: A possible reversal of the trend in the direction of support at 105.175 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend is expected. Target of the current trend is 105.928 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 105.928 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Northern Doji’ chart pattern is existing. The chart forms ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

105.179 – 105.527 – 105.928 – 105.175 – 104.718 – 104.558 —
105.64800 – 105.77600 —
66.710742293098 – 61.52397449171 —
– —
105.17900 – 1767891600

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji – Inverse Head and Shoulder chart pattern – – – – – – – –