AUD/JPY – 30M – BUY

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

An ascent upwards to the next resistance line at 98.03200 is certain.

Caution: A possible reversal of the trend in the direction of the support zone at 97.52200 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is certain. Target of the current trend is 98.032 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 98.03200 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

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

Download AUD/JPY Signal Image

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