AUD/JPY – 1H – BUY

The combination Australian Dollar/Japanese Yen (AUD/JPY) breaks through the bullish trendline upwards

A continuation of the bullish trend up to the next resistance at 114.438 will continue.

Caution: A possible reversal of the trend in the direction of support at 112.189 is within the realm of possibility.
Consider stop-loss settings accordingly.

And also a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. this is usually a bullish signal. The currency pair is likely to rise.

And also a ‘Morning Doji Star’ candlestick pattern is existing. The candles show ‘Morning Doji Star’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Morning Doji Star’ going up is 76% (Bull Market) & 71% (Bear Market).

113.322 – 113.237 – 114.438 – 112.189 – 112.288 – 111.933 —
113.32100 – 113.42200 —
67.131551723275 – 66.194382822035 —
– —
113.322 – 1777874400

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Morning Doji Star – – – – – – – – –