AUD/JPY – 1H – BUY

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

A continuation of the uptrend upwards to the next resistance line at 110.184 will persist.

Caution: A possible trend reversal in the direction of the support line at 108.041 should always be considered.
Consider stop-loss settings accordingly.

Next a ‘Three Outside Up’ candlestick chart pattern is existing. The candles show ‘Three Outside Up’. which 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 success rate of a ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

110.184 – 109.547 – 108.579 – 108.041 – 109.076 – 106.853 —
109.02800 – 109.73400 —
48.831539918117 – 63.290637510913 —
– —
110.184 – 1770213600

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Outside Up – Double bottom chart pattern – – – – – – – –