AUD/JPY – 30M – BUY

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

A continuation of the upward movement upwards to the next resistance at 102.131 is certain.

Caution: A possible counter-trend in the direction of the support zone at 101.633 could occur.
Consider stop-loss settings accordingly.

Then a ‘%K crosses above %D’ indicator signal is existing. The indicator is ‘%K crosses above %D’. which is often a bullish chart scenario. The pair is likely to go up.

Then a ‘Northern Doji’ candle pattern is discovered. The chart forms ‘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).

102.131 – 102.044 – 102.024 – 101.633 – 100.342 – 100.957 —
102.11300 – 102.10000 —
61.912140205529 – 59.195732555557 —
– —
102.13100 – 1764264600

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