AUD/JPY – 1H – BUY

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

A continuation of the upward movement up to the next resistance level at 110.433 is likely expected.

Caution: A possible reversal of the trend in the direction of support at 108.8 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

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

In addition a ‘Bullish Belt Hold’ candle pattern is discovered. The chart forms ‘Bullish Belt Hold’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).

110.433 – 110.067 – 109.761 – 108.8 – 108.983 – 108.873 —
110.06800 – 110.81600 —
60.870055126393 – 77.067040464674 —
– —
110.433 – 1771927200

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Bullish Belt Hold – Double bottom retreat down – – – – – – – –