AUD/JPY – 30M – BUY

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

A bullish trend upwards to the next resistance level at 106.313 will persist.

Caution: A possible reversal of the trend in the direction of the support zone at 105.523 is within the realm of possibility.
Consider stop-loss settings accordingly.

Also there is a ‘Northern Doji’ chart pattern is detected. The chart forms ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to rise. 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).

106.313 – 106.325 – 106.228 – 105.523 – 105.867 – 105.669 —
105.59200 – 105.40400 —
20.83319808684 – 36.520726707155 —
– —
106.31300 – 1768527000

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji – Double top retreat up – – – – – – – –