AUD/JPY – 30M – BUY

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

A continuation of the uptrend up to the next resistance level at is expected.

Caution: A possible trend reversal in the direction of the support line at 99.915 could occur.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Hammer’ candlestick chart pattern is existing. The candles show ‘Hammer’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Hammer’ going up is 60% (Bull Market) & 59% (Bear Market).

100.201 – 99.673 – 99.356 – 99.915 – 99.154 – 98.886 —
56.020265688746 – 56.877412098255 —
36.424311275206 – 19.772451537269 – 49.917373510988 – 36.768481352778

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Hammer – – –