Buy AUD/JPY – 30M – BUY

Besides a ‘Falling Wedge Chart Pattern’ chart formation is found. The chart picture shows ‘Falling Wedge Chart Pattern’. which is a positive signal. The pair is likely to go up.

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

An ascending movement up to the next resistance level at 94.34000 is likely expected.

Caution: A possible change in the direction of support at 93.84900 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Northern Doji’ candle pattern is existing. The chart forms ‘Northern Doji’. this is a bullish chart scenario. 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’ going up is 52% (Bull Market) & 51% (Bear Market).

Support & Resistance Price Range*
3rd High 94.83400
2nd High 94.48400
Next High 94.34000
Current Price 94.36300
Next Low 93.84900
2nd Low 93.79900
3rd Low 93.24000

94.34000 – 94.26100 – 94.48400 – 93.84900 – 93.79900 – 93.94000

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