AUD/JPY – 30M – BUY

The currency pair Australian Dollar/Japanese Yen (AUD/JPY) breaks through the descending trendline up.

A bullish movement up to the next resistance level at 108.566 is likely expected.

Caution: A possible counter-trend in the direction of the support level at 107.538 could be enabled.
Consider stop-loss settings accordingly.

Then a ‘Bearish SBS White Lines’ candlestick pattern is found. The candles show ‘Bearish SBS White Lines’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).

108.566 – 108.042 – 106.993 – 107.538 – 106.396 – 106.074 —
108.47000 – 108.07000 —
70.682348932085 – 43.164267322998 —
– —
108.56600 – 1769671800

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Bearish SBS White Lines – – – – – – – – –