AUD/JPY – 4H – BUY

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

A continuation of the uptrend upwards to the next resistance line at is likely expected.

Caution: A possible reversal of the trend in the direction of the support level at 100.138 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which could be a positive signal. The currency pair could go up.

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

101.819 – 101.136 – 101.205 – 100.138 – 100.22 – 98.818 —
101.09600 – 101.68300 —
52.386184090414 – 55.960212327556 —
– —
101.81900 – 1763020800

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