AUD/JPY – 30M – BUY

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

An ascending movement up to the next resistance at 109.808 will continue.

Caution: A possible trend reversal in the direction of the support line at 109.044 could happen.
Consider stop-loss settings accordingly.

Also there is a ‘Bullish Belt Hold’ candlestick pattern is discovered. The chart shows ‘Bullish Belt Hold’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).

109.808 – 110.401 – 110.318 – 109.044 – 109.492 – 109.978 —
109.35500 – 109.38900 —
38.724851058931 – 48.592250271297 —
– —
109.808 – 1774863000

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Bullish Belt Hold – – – – – – – – –