AUD/JPY – 1H – BUY

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

A bullish movement up to the next resistance line at 112.086 is certain.

Caution: A possible trend reversal in the direction of support at 109.677 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Bullish Belt Hold’ candlestick pattern is existing. The candles form ‘Bullish Belt Hold’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).

112.086 – 111.291 – 111.469 – 109.677 – 110.258 – 108.8 —
110.75400 – 111.06500 —
21.987830074967 – 48.888378448842 —
– —
112.086 – 1772506800

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Bullish Belt Hold – – – – – – – – –