AUD/JPY – 30M – BUY

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

A continuation of the upward movement upwards to the next resistance level at 101.741 is certain.

Caution: A possible reversal of the trend in the direction of the support level at 100.342 could occur.
Consider stop-loss settings accordingly.

Furthermore a ‘Northern Doji’ candlestick chart pattern is existing. The candles form ‘Northern Doji’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

101.741 – 101.503 – 101.47 – 100.342 – 100.957 – 100.353 —
101.71000 – 101.71300 —
67.19419710328 – 61.558307732889 —
– —
101.74100 – 1764149400

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