AUD/JPY – 30M – BUY

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

A bullish movement upwards to the next resistance at 110.401 is certain.

Caution: A possible trend reversal in the direction of the support level at 109.526 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Three Outside Up’ candle pattern is discovered. The chart shows ‘Three Outside Up’. which 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 chance of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

110.401 – 110.318 – 110.912 – 109.978 – 109.62 – 110.565 —
109.96600 – 109.66500 —
36.109569668576 – 27.79836169775 —
– —
110.401 – 1774638000

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Outside Up – – – – – – – – –