AUD/JPY – 1H – BUY

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

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

Caution: A possible counter-trend in the direction of the support level at 102.284 should be noted.
Consider stop-loss settings accordingly.

In addition a ‘%K crosses above %D’ indicator signal is existing. The indicator is ‘%K crosses above %D’. which is often a bullish chart scenario. The currency pair is likely to rise.

In addition a ‘Bullish Belt Hold’ candle pattern is existing. The candles show ‘Bullish Belt Hold’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).

103.185 – 102.842 – 102.505 – 102.284 – 102.094 – 102.096 —
103.20700 – 103.25400 —
63.448280910039 – 59.221825110506 —
– —
103.18500 – 1764954000

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Bullish Belt Hold – – – – – – – – –