AUD/JPY – 1H – BUY

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

A continuation of the upward movement up to the next resistance at 114.257 is likely expected.

Caution: A possible counter-trend in the direction of the support level at 113.709 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ” indicator layout is existing. The indicator shows ”. which could be a positive chart signal. The currency pair could go up.

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Also there is a ‘StochRSI %K line crosses above %D line’ indicator layout is existing. The indicator shows ‘StochRSI %K line crosses above %D line’. which could be a positive chart signal. The currency pair could go up.

Also there is a ‘Three White Soldiers’ candle chart pattern is existing. The candles form ‘Three White Soldiers’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ going up is 82%.

114.257 – 114.251 – 114.293 – 113.709 – 113.679 – 113.65 —
114.57100 – 114.58600 —
73.737627707015 – 67.317942403415 —
– —
114.257 – 1776942000

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three White Soldiers – – – – – – – – –