AUD/JPY – 1H – BUY

The combination Australian Dollar/Japanese Yen (AUD/JPY) breaks through the ascending trendline upwards

A continuation of the upward movement up to the next resistance line at 105.089 is considered certain.

Caution: A possible counter-trend in the direction of the support zone at 104.558 could happen.
Consider stop-loss settings accordingly.

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

105.089 – 105.273 – 104.835 – 104.558 – 104.617 – 104.458 —
105.13500 – 105.56500 —
54.174323708445 – 63.356587851943 —
– —
105.08900 – 1767582000

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