AUD/JPY – 1H – BUY

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

A continuation of the uptrend up to the next resistance level at 96.886 is likely expected.

Caution: A possible change in the direction of support at 95.76 should be noted.
Consider stop-loss settings accordingly.

Moreover a ‘Northern Doji’ candlestick chart pattern is existing. The chart forms ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

96.886 – 96.08 – 96.061 – 95.76 – 95.703 – 95.62 — 48.318485857969 – 50.306244965315 — 44.428978198763 – 61.750848096495 – 58.927163877175 – 54.38792457042

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