AUD/JPY – 30M – BUY

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

The bullish trend up to the next resistance level at 111.053 is certain.

Caution: A possible reversal of the trend in the direction of the support level at is within the realm of possibility.
Consider stop-loss settings accordingly.

Besides a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish chart signal. The currency pair is likely to rise.

Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend is certain. Current target is 111.212 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of resistance at 111.053 is within the realm of possibility.
Consider stop-loss settings accordingly.

Besides a ‘Northern Doji’ chart pattern is discovered. The candles form ‘Northern Doji’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

111.053 – 111.212 – 111.042 – 110.063 – 110.22 – 109.92 —
110.51400 – 110.87500 —
50.904001639637 – 61.837834710082 —
– —
111.053 – 1772722800

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Northern Doji – – – – – – – – –