AUD/JPY – 1H – BUY

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

An ascending movement upwards to the next resistance line at 102.357 is likely expected.

Caution: A possible reversal of the trend in the direction of support at 101.506 could be enabled.
Consider stop-loss settings accordingly.

In addition a ” indicator signal is detected. The indicator is ”. this is usually a bullish chart scenario. The currency pair could go up.

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In addition a ‘%K crosses above %D’ indicator signal is detected. The indicator is ‘%K crosses above %D’. this is usually a bullish chart scenario. The currency pair could go up.

In addition a ‘Northern Doji’ candlestick pattern is existing. The chart shows ‘Northern Doji’. this is a bullish 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).

102.357 – 102.303 – 101.503 – 101.506 – 101.836 – 101.633 —
101.98000 – 102.18100 —
56.757399570395 – 59.996701400782 —
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102.35700 – 1764349200

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