AUD/JPY – 30M – BUY

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

A continuation of the bullish trend upwards to the next resistance at 112.086 is certain.

Caution: A possible trend reversal in the direction of the support level at 110.749 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

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

Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is certain. Current target is 111.212 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance level at 112.086 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Northern Doji’ chart pattern is found. The candles show ‘Northern Doji’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

110.965 – 111.107 – 111.053 – 110.749 – 110.232 – 110.121 —
111.19300 – 111.29900 —
56.942874380748 – 60.94476148729 —
– —
110.965 – 1772834400

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji – – – – – – – – –