AUD/JPY – 30M – BUY

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

A bullish movement upwards to the next resistance line at 106.313 will continue.

Caution: A possible change in the direction of the support line at 105.209 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Additionally 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 rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

106.313 – 106.325 – 106.228 – 105.209 – 105.523 – 105.867 —
106.16700 – 106.15100 —
73.94153711704 – 70.109676779936 —
– —
106.31300 – 1768527000

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