AUD/JPY – 4H – BUY

The pair Australian Dollar/Japanese Yen (AUD/JPY) jumps from the ascending trendline upwards

A continuation of the upward movement up to the next resistance level at 98.34300 is expected.

Caution: A possible change in the direction of the support level at 95.98200 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Target of the current trend is 98.534 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of resistance at 98.34300 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Three White Soldiers’ candle pattern is detected. The chart forms ‘Three White Soldiers’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ heading up is 82%.

Download AUD/JPY Signal Image

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