AUD/JPY – 30M – BUY

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

An ascending movement up to the next resistance at 111.298 will continue.

Caution: A possible change in the direction of the support line at 110.501 could happen.
Consider stop-loss settings accordingly.

Also there is a ‘StochRSI %K line crosses above %D line’ indicator signal is discovered. The indicator is ‘StochRSI %K line crosses above %D line’. which is often a bullish chart scenario. The currency pair is likely to rise.

Also there is a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. this is usually a bullish chart signal. The pair is likely to go up.

Also there is a ‘Three Outside Up’ candle chart pattern is existing. The candles show ‘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 success rate of a ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

111.058 – 111.298 – 111.469 – 110.501 – 110.258 – 110.912 —
110.86900 – 111.07300 —
49.868050115269 – 57.709069803422 —
– —
111.058 – 1772141400

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Outside Up – Head and Shoulder chart pattern – – – – – – – –