AUD/JPY – 30M – BUY

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

A continuation of the uptrend up to the next resistance level at 108.731 will persist.

Caution: A possible trend reversal in the direction of the support level at 107.849 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘MACD crosses above signal’ indicator signal is existing. The indicator shows ‘MACD crosses above signal’. this is usually a bullish signal. The currency pair could go up.

Besides a ‘Bullish Belt Hold’ chart pattern is found. The chart shows ‘Bullish Belt Hold’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).

108.731 – 108.886 – 108.712 – 107.849 – 108.374 – 107.678 —
108.19700 – 108.26600 —
41.818848726718 – 42.753138298956 —
– —
108.731 – 1771291800

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Bullish Belt Hold – Double bottom chart pattern – – – – – – – –