AUD/JPY – 1H – BUY

The pair Australian Dollar/Japanese Yen (AUD/JPY) jumps from the bullish trendline upwards

A continuation of the upward movement up to the next resistance line at 94.84800 is expected.

Caution: A possible trend reversal in the direction of the support level at could be enabled.
Consider stop-loss settings accordingly.

There is also a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish chart scenario. The currency pair could go up.

There is also a ‘Northern Doji’ candle pattern is existing. The chart forms ‘Northern Doji’. which is a positive pattern 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’ going up is 52% (Bull Market) & 51% (Bear Market).

94.84800 – 94.74700 – 94.55800 – 94.05600 – 93.94200 – 93.85700

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