AUD/JPY – 30M – 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 at 101.819 will persist.

Caution: A possible counter-trend in the direction of the support level at 101.101 should be noted.
Consider stop-loss settings accordingly.

Moreover a ‘%K crosses above %D’ indicator signal is discovered. The indicator shows ‘%K crosses above %D’. which is often a bullish signal. The currency pair could go up.

Moreover a ‘Northern Doji’ candle pattern is existing. The candles form ‘Northern Doji’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

101.683 – 101.428 – 101.148 – 101.101 – 100.586 – 100.626 —
101.40800 – 101.77400 —
54.82353841766 – 64.799502365273 —
– —
101.68300 – 1763571600

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