AUD/JPY – 30M – BUY

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

A continuation of the bullish trend up to the next resistance level at will persist.

Caution: A possible counter-trend in the direction of the support line at 108.822 is within the realm of possibility.
Consider stop-loss settings accordingly.

There is also a ‘Bullish Belt Hold’ candle chart pattern is detected. The chart shows ‘Bullish Belt Hold’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).

109.547 – 108.366 – 108.172 – 108.822 – 106.853 – 107.291 —
110.02400 – 110.05800 —
71.580644246683 – 66.785723451393 —
– —
109.547 – 1770111000

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Bullish Belt Hold – Double bottom chart pattern – – – – – – – –