AUD/JPY – 1H – BUY

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

A continuation of the bullish trend upwards to the next resistance level at 108.566 is certain.

Caution: A possible trend reversal in the direction of the support zone at is within the realm of possibility.
Consider stop-loss settings accordingly.

Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish signal. The currency pair could go up.

Also there is a ‘Northern Doji’ candle chart pattern is detected. The chart shows ‘Northern Doji’. which is a positive chart scenario. The 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).

108.566 – 107.138 – 107.087 – 106.519 – 106.074 – 106.072 —
108.16300 – 107.86100 —
53.020212121175 – 48.684388788435 —
– —
108.56600 – 1769670000

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