AUD/JPY – 30M – BUY

The combination Australian Dollar/Japanese Yen (AUD/JPY) jumps from the bearish trendline up.

A bullish movement upwards to the next resistance line at 109.816 is expected.

Caution: A possible reversal of the trend in the direction of the support line at 106.853 could happen.
Consider stop-loss settings accordingly.

Besides a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. this is usually a bullish chart signal. The pair is likely to go up.

Besides a ‘Three Outside Up’ candlestick chart pattern is detected. The chart forms ‘Three Outside Up’. this 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 ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

109.816 – 109.955 – 110.184 – 108.664 – 109.076 – 109.181 —
108.95300 – 108.51900 —
32.91996565678 – 24.695538957635 —
– —
109.816 – 1770285600

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Outside Up – Double bottom retreat down – – – – – – – –