AUD/JPY – 30M – BUY

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

A continuation of the bullish trend upwards to the next resistance level at 114.438 is likely expected.

Caution: A possible counter-trend in the direction of the support level at 112.189 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Three Outside Up’ chart pattern is existing. The candles form ‘Three Outside Up’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

113.322 – 113.208 – 113.237 – 112.189 – 112.288 – 112.651 —
113.30800 – 113.43700 —
73.751857780506 – 74.27231078018 —
– —
113.322 – 1777874400

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Outside Up – – – – – – – – –