AUD/JPY – 30M – BUY

The pair Australian Dollar/Japanese Yen (AUD/JPY) breaks through the bearish trendline up.

A bullish movement upwards to the next resistance at 94.88600 is considered certain.

Caution: A possible change in the direction of the support level at 93.96000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Northern Doji’ candle chart pattern is existing. The chart shows ‘Northern Doji’. this is a bullish pattern signal. The 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).

94.88600 – 94.54200 – 94.74500 – 93.96000 – 94.22600 – 93.98900

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji – Inverse Head and Shoulder chart pattern