AUD/JPY – 30M – BUY

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

A continuation of the upward movement up to the next resistance line at is likely expected.

Caution: A possible counter-trend in the direction of the support line at 106.294 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. this is usually a bullish chart scenario. The currency pair could go up.

Also there is a ‘Northern Doji’ candle chart pattern is found. The candles show ‘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 likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

107.198 – 106.782 – 106.585 – 106.294 – 105.973 – 105.908 —
107.09900 – 107.09500 —
65.020538808011 – 55.78968967608 —
– —
107.19800 – 1769016600

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji – Inverse Head and Shoulder chart pattern – – – – – – – –