Buy AUD/JPY – 4H – BUY

The pair Australian Dollar/Japanese Yen (AUD/JPY) breaks through the bullish trendline up.

A continuation of the bullish trend up to the next resistance at 93.56100 is expected.

Caution: A possible change in the direction of the support level at 92.11000 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Northern Doji’ candle chart pattern is detected. The candles form ‘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 success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

Support & Resistance Price Range*
3rd High 95.39200
2nd High 95.30700
Next High 93.56100
Current Price 94.73400
Next Low 92.11000
2nd Low 90.58300
3rd Low 89.63300

93.56100 – 92.21600 – 91.40300 – 92.11000 – 90.58300 – 89.63300

Download AUD/JPY Signal Image

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