AUD/JPY – 1H – BUY

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

The bullish trend up to the next resistance line at 98.73100 is expected.

Caution: A possible reversal of the trend in the direction of the support level at 97.49000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Target of the current trend is 98.345372 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 98.73100 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Three White Soldiers’ candlestick pattern is existing. The chart shows ‘Three White Soldiers’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ going up is 82%.

Download AUD/JPY Signal Image

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