AUD/JPY – 30M – BUY

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

A continuation of the upward movement upwards to the next resistance level at is likely expected.

Caution: A possible trend reversal in the direction of the support level at 108.822 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Northern Doji’ candle chart pattern is found. The candles show ‘Northern Doji’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

109.547 – 108.366 – 108.172 – 108.822 – 106.853 – 107.291 —
109.89600 – 110.13200 —
68.404098174076 – 64.961696168451 —
– —
109.547 – 1770111000

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji – Rising Wedge Chart Pattern – – – – – – – –