AUD/JPY – 1H – BUY

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

A bullish movement up to the next resistance line at 113.07700 will continue.

Caution: A possible reversal of the trend in the direction of the support level at 111.48 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Bullish Tri-Star’ candlestick pattern is found. The chart shows ‘Bullish Tri-Star’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Tri-Star’ going up is 60% (Bull Market) & 55% (Bear Market).

113.07700 – 112.987 – 113.953 – 111.48 – 111.284 – 110.121 —
113.07700 – 113.01000 —
65.431795195185 – 60.872469642001 —
113.07700 – 1773763200 —
– 1773763200

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Bullish Tri-Star – – – – – – – – –