AUD/JPY – 1H – BUY

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

An ascending movement up to the next resistance line at 94.55100 is expected.

Caution: A possible change in the direction of support at 93.79900 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which could be a positive chart signal. The pair is likely to go up.

Then a ‘Northern Doji’ chart pattern is existing. The candles show ‘Northern Doji’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

94.55100 – 94.26100 – 94.48400 – 93.79900 – 93.94000 – 93.93800

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