AUD/JPY – 30M – BUY

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

A continuation of the bullish trend upwards to the next resistance at is likely expected.

Caution: A possible counter-trend in the direction of the support level at 107.842 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Northern Doji’ candlestick chart pattern is existing. 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’ heading up is 52% (Bull Market) & 51% (Bear Market).

108.186 – 107.198 – 106.782 – 107.842 – 106.294 – 105.973 —
108.20800 – 108.35100 —
68.448049300453 – 66.818088329499 —
– —
108.18600 – 1769072400

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