AUD/JPY – 1H – BUY

The pair Australian Dollar/Japanese Yen (AUD/JPY) moves from the bullish trendline down.

A descending movement down to the next support line at 92.80500 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 95.30700 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Northern Doji’ candle chart pattern is discovered. The chart forms ‘Northern Doji’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

93.54400 – 93.33600 – 93.56100 – 92.80500 – 92.21400 – 92.11000

Download AUD/JPY Signal Image

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji