AUD/JPY – 30M – BUY

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

A bullish ascent upwards to the next resistance at 113.237 is considered certain.

Caution: A possible reversal of the trend in the direction of support at 111.315 is within the realm of possibility.
Consider stop-loss settings accordingly.

There is also a ‘Bearish SBS White Lines’ candle pattern is existing. The chart shows ‘Bearish SBS White Lines’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).

113.237 – 114.438 – 114.542 – 111.315 – 113.919 – 114.199 —
113.12200 – 112.67600 —
52.543852454972 – 40.372020661945 —
– —
113.237 – 1777606200

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Bearish SBS White Lines – Rising Wedge Chart Pattern – – – – – – – –