AUD/JPY – 30M – BUY

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

A bullish ascent upwards to the next resistance level at 109.638 is likely expected.

Caution: A possible trend reversal in the direction of the support zone at 108.559 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘StochRSI %K line crosses above %D line’ indicator signal is detected. The indicator shows ‘StochRSI %K line crosses above %D line’. this is usually a bullish chart signal. The pair is likely to go up.

Moreover a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. which could be a positive chart scenario. The currency pair could go up.

Moreover a ‘Bearish SBS White Lines’ candle pattern is existing. The chart forms ‘Bearish SBS White Lines’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish SBS White Lines’ going down is 56% (Bull Market) & 57% (Bear Market).

109.638 – 109.525 – 110.658 – 108.559 – 108.688 – 109.016 —
109.22900 – 108.84500 —
52.790402634458 – 35.37716062908 —
– —
109.638 – 1770825600

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