AUD/JPY – 1H – BUY

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

A continuation of the bullish trend upwards to the next resistance at 109.547 is likely expected.

Caution: A possible counter-trend in the direction of the support zone at 106.853 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Northern Doji’ candle pattern is detected. The chart shows ‘Northern Doji’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

109.547 – 108.579 – 108.566 – 106.853 – 107.291 – 106.519 —
109.19600 – 109.84300 —
57.377307674849 – 64.518658365539 —
– —
109.547 – 1770109200

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