AUD/JPY – 30M – BUY

The pair Australian Dollar/Japanese Yen (AUD/JPY) moves from the ascending trendline upwards

A continuation of the upward movement up to the next resistance level at 111.053 is expected.

Caution: A possible change in the direction of the support level at 110.063 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘StochRSI %K line crosses above %D line’ indicator signal is found. The indicator shows ‘StochRSI %K line crosses above %D line’. which could be a positive chart scenario. The currency pair is likely to rise.

Furthermore a ‘Bearish SBS White Lines’ candle pattern is detected. The candles form ‘Bearish SBS White Lines’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish SBS White Lines’ going down is 56% (Bull Market) & 57% (Bear Market).

111.053 – 111.212 – 111.042 – 110.063 – 110.22 – 109.92 —
111.03400 – 110.76900 —
65.506175252921 – 39.499310158062 —
– —
111.053 – 1772722800

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Bearish SBS White Lines – – – – – – – – –