AUD/JPY – 1H – BUY

Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart signal. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is certain. Target of the current trend is 113.903432 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the resistance level at 113.237 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Three White Soldiers’ candle chart pattern is existing. The chart forms ‘Three White Soldiers’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ going up is 82%.

113.237 – 114.438 – 114.542 – 111.933 – 111.315 – 113.919 —
113.20600 – 113.16000 —
54.745517339227 – 53.274708883674 —
– —
113.237 – 1777604400

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three White Soldiers – – – – – – – – –