AUD/JPY – 30M – BUY

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

A continuation of the uptrend up to the next resistance line at 102.842 is likely expected.

Caution: A possible trend reversal in the direction of the support level at 102.403 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend is likely expected. Current target is 102.842 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the resistance level at 102.842 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Northern Doji’ candle pattern is found. 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).

102.842 – 102.505 – 102.495 – 102.403 – 102.094 – 102.096 —
102.54400 – 102.69600 —
44.404713533274 – 57.644317753627 —
– —
102.84200 – 1764831600

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