AUD/JPY – 1H – BUY

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

A bullish ascent up to the next resistance level at 113.322 is expected.

Caution: A possible trend reversal in the direction of the support zone at could occur.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a positive signal. The currency pair is likely to rise.

Furthermore a ‘Three White Soldiers’ chart pattern is discovered. The candles show ‘Three White Soldiers’. 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 likelyhood of ‘Three White Soldiers’ heading up is 82%.

113.322 – 113.237 – 114.438 – 112.288 – 111.933 – 111.315 —
112.58400 – 112.99600 —
41.004291696007 – 60.157147710482 —
– —
113.322 – 1777874400

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