AUD/JPY – 30M – BUY

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

An ascent up to the next resistance at 101.47 will persist.

Caution: A possible trend reversal in the direction of the support zone at 100.957 is also possible.
Consider stop-loss settings accordingly.

Also there is a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. this is usually a bullish 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 will persist. Current target is 101.98032 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance line at 101.47 is also possible.
Consider stop-loss settings accordingly.

Also there is a ‘Northern Doji’ candlestick pattern is existing. The candles form ‘Northern Doji’. which 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 ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

101.47 – 101.364 – 101.286 – 100.957 – 100.353 – 100.602 —
101.39100 – 101.37200 —
59.830020503503 – 55.858688306636 —
– —
101.47000 – 1764003600

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