AUD/JPY – 30M – BUY

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

A continuation of the bullish trend upwards to the next resistance line at 106.313 is likely expected.

Caution: A possible counter-trend in the direction of the support zone at 105.867 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which could be a positive chart signal. The currency pair could go up.

In addition a ‘Bullish Engulfing’ candle pattern is found. The candles show ‘Bullish Engulfing’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Engulfing’ heading up is 63%.

106.313 – 106.325 – 106.228 – 105.867 – 105.669 – 105.582 —
106.15800 – 106.02200 —
46.579941446605 – 42.267805466357 —
– —
106.31300 – 1768527000

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Bullish Engulfing – Head and Shoulder chart pattern – – – – – – – –