AUD/JPY – 30M – BUY

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

An ascent upwards to the next resistance line at 108.052 is certain.

Caution: A possible trend reversal in the direction of the support zone at 107.458 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive chart signal. The pair is likely to go up.

In addition a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which is often a bullish chart scenario. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is certain. Current target is 108.082908 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of resistance at 108.052 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Three Outside Up’ candle chart pattern is detected. The candles show ‘Three Outside Up’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

108.052 – 108.481 – 108.566 – 107.458 – 107.287 – 106.519 —
108.52800 – 107.71900 —
64.420347298733 – 35.951484983677 —
– —
108.05200 – 1769738400

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Outside Up – – – – – – – – –