AUD/JPY – 30M – BUY

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

A continuation of the bullish trend upwards to the next resistance level at 114.104 is considered certain.

Caution: A possible change in the direction of the support level at 113.336 could happen.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Bullish Belt Hold’ candle chart pattern is found. The chart shows ‘Bullish Belt Hold’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).

114.104 – 113.598 – 113.408 – 113.336 – 113.011 – 112.611 —
113.95400 – 114.14200 —
56.551415352519 – 56.079229779445 —
– —
114.104 – 1776290400

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