AUD/JPY – 30M – BUY

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

A continuation of the upward movement upwards to the next resistance level at 109.48 is considered certain.

Caution: A possible trend reversal in the direction of the support line at 108.369 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The currency pair is likely to fall.

Moreover a ‘Three Outside Up’ candlestick chart pattern is detected. The chart shows ‘Three Outside Up’. this is a bullish chart scenario. 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).

109.2 – 108.675 – 108.723 – 108.369 – 107.842 – 107.849 —
109.02800 – 109.53500 —
55.87265483248 – 69.793385847394 —
– —
109.2 – 1771443000

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