AUD/JPY – 1H – BUY

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

A continuation of the bullish trend upwards to the next resistance level at is expected.

Caution: A possible change in the direction of the support level at 100.586 should be noted.
Consider stop-loss settings accordingly.

Additionally a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which is often a bullish chart scenario. The currency pair is likely to rise.

Additionally a ‘Northern Doji’ candle chart pattern is found. The chart shows ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to rise. 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).

101.428 – 101.148 – 101.131 – 100.586 – 100.138 – 100.734 —
101.36400 – 101.44900 —
60.158806287689 – 56.302070877412 —
– —
101.42800 – 1763496000

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