AUD/JPY – 30M – BUY

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

A bullish ascent upwards to the next resistance level at 111.91 is expected.

Caution: A possible change in the direction of the support zone at 111.48 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Northern Doji’ candle pattern is detected. The candles form ‘Northern Doji’. which is a bullish chart scenario. The pair is likely to go up. 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).

111.91 – 112.444 – 112.885 – 111.48 – 111.822 – 112.486 —
111.89900 – 111.86500 —
50.349591452244 – 45.761716469174 —
– —
111.91 – 1773630000

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