AUD/JPY – 4H – BUY

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

A continuation of the bullish trend up to the next resistance at 106.711 is likely expected.

Caution: A possible trend reversal in the direction of support at 105.209 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘%K crosses above %D’ indicator signal is discovered. The indicator shows ‘%K crosses above %D’. this is usually a bullish chart signal. The currency pair could go up.

Additionally a ‘Northern Doji’ candle pattern is found. The candles show ‘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).

106.711 – 105.928 – 105.273 – 105.209 – 105.582 – 104.718 —
106.78200 – 108.14900 —
61.452450351854 – 79.067234135489 —
– —
106.71100 – 1768363200

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