AUD/JPY – 4H – BUY

The pair Australian Dollar/Japanese Yen (AUD/JPY) breaks through the ascending trendline upwards

A continuation of the uptrend up to the next resistance at 108.996 is certain.

Caution: A possible counter-trend in the direction of the support level at 106.519 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘StochRSI %K line crosses above %D line’ indicator signal is detected. The indicator shows ‘StochRSI %K line crosses above %D line’. which could be a positive chart signal. The currency pair is likely to rise.

Also there is a ‘Northern Doji’ candle pattern is existing. The chart forms ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to go up. 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).

108.996 – 106.711 – 105.928 – 106.519 – 106.072 – 105.209 —
108.36600 – 109.44800 —
56.85005988489 – 68.45674370324 —
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108.996 – 1769155200

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji – – – – – – – – –