AUD/JPY – 30M – BUY

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

A bullish movement upwards to the next resistance at 113.993 will continue.

Caution: A possible reversal of the trend in the direction of the support level at 113.735 is within the realm of possibility.
Consider stop-loss settings accordingly.

There is also a ‘StochRSI %K line crosses above %D line’ indicator signal is found. The indicator is ‘StochRSI %K line crosses above %D line’. which could be a positive signal. The pair is likely to go up.

There is also a ‘StochOSC Bullish Divergence’ indicator signal is found. The indicator is ‘StochOSC Bullish Divergence’. which could be a positive signal. The pair is likely to go up.

There is also a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. which is often a bullish signal. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will continue. Target of the current trend is 113.9535 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 113.993 is within the realm of possibility.
Consider stop-loss settings accordingly.

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

113.946 – 113.993 – 114.257 – 113.735 – 113.679 – 113.65 —
113.98400 – 113.82900 —
55.488244468822 – 34.486263825237 —
– —
113.946 – 1777028400

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