AUD/JPY – 30M – BUY

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

A continuation of the uptrend upwards to the next resistance at 112.575 is certain.

Caution: A possible trend reversal in the direction of the support level at 111.623 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘MACD crosses above signal’ indicator layout is detected. The indicator shows ‘MACD crosses above signal’. this is usually a bullish chart signal. The currency pair is likely to rise.

And also a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. which could be a positive chart signal. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is certain. Target of the current trend is 112.885 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance zone at 112.575 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Three White Soldiers’ candle chart pattern is existing. The candles show ‘Three White Soldiers’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ heading up is 82%.

112.575 – 111.91 – 112.444 – 111.623 – 111.48 – 111.822 —
112.49400 – 112.50700 —
61.213758617998 – 63.456157022437 —
– —
112.575 – 1773700200

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three White Soldiers – – – – – – – – –