AUD/JPY – 1H – BUYThe combination Australian Dollar/Japanese Yen (AUD/JPY) breaks through the ascending trendline upwards
A continuation of the upward movement up to the next resistance level at 92.21600 is considered certain.
Caution: A possible trend reversal in the direction of support at 91.33100 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Northern Doji’ candle chart pattern is existing. The candles form ‘Northern Doji’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 95.30700 |
| 2nd High | 93.13100 |
| Next High | 92.21600 |
| Current Price | 91.91400 |
| Next Low | 91.33100 |
| 2nd Low | 90.54800 |
| 3rd Low | 89.63300 |
92.21600 – 91.60000 – 91.02900 – 91.33100 – 90.54800 – 89.63300
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji