AUD/JPY – 1H – BUY

The pair Australian Dollar/Japanese Yen (AUD/JPY) jumps from the bullish trendline downwards

A descending movement down to the next support line at 90.58300 will persist.

Caution: A possible trend reversal in the direction of the resistance level at 91.67700 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish chart scenario. The pair is likely to go up.

Then a ‘Northern Doji’ candlestick pattern is existing. The candles show ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

Then a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. which is often a bullish signal. The currency pair could go up.

91.67700 – 92.21600 – 91.60000 – 90.58300 – 91.19600 – 91.33100

Download AUD/JPY Signal Image

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