AUD/JPY – 1H – BUY

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

A bullish movement upwards to the next resistance at 111.107 is expected.

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

Besides a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish chart signal. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Target of the current trend is 111.48184 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 111.107 is within the realm of possibility.
Consider stop-loss settings accordingly.

Besides a ‘Three White Soldiers’ candle chart pattern is discovered. The candles show ‘Three White Soldiers’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ going up is 82%.

111.107 – 111.053 – 111.212 – 110.121 – 110.063 – 109.92 —
110.91000 – 110.62800 —
56.739492744179 – 48.466173240778 —
– —
111.107 – 1772784000

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three White Soldiers – – – – – – – – –