AUD/JPY – 30M – BUY

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

A bullish ascent upwards to the next resistance line at 111.22200 will continue.

Caution: A possible counter-trend in the direction of the support level at 110.501 could happen.
Consider stop-loss settings accordingly.

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

Also there is a ‘StochRSI Hidden Bullish Divergence’ indicator layout is detected. The indicator is ‘StochRSI Hidden Bullish Divergence’. which could be a positive signal. The currency pair is likely to rise.

Also there is a ‘Bearish SBS White Lines’ candlestick pattern is detected. The chart forms ‘Bearish SBS White Lines’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).

111.22200 – 111.058 – 111.298 – 110.501 – 110.258 – 110.912 —
111.22200 – 110.90000 —
65.059060963996 – 41.081623663221 —
111.22200 – 1772184600 —
– 1772184600

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Bearish SBS White Lines – Inverse Head and Shoulder chart pattern – – – – – – – –