AUD/JPY – 30M – BUY

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

A continuation of the upward movement upwards to the next resistance at 114.577 will continue.

Caution: A possible reversal of the trend in the direction of the support line at 114.213 could be enabled.
Consider stop-loss settings accordingly.

Additionally a ‘Three Outside Up’ candlestick pattern is discovered. The chart forms ‘Three Outside Up’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

114.577 – 114.181 – 114.146 – 114.213 – 113.877 – 113.942 —
114.51700 – 114.57000 —
59.586104635721 – 55.978008251083 —
– —
114.577 – 1780075800

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