AUD/JPY – 30M – BUY

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Target of the current trend is 112.688376 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support level at 114.305 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Northern Doji’ candlestick chart pattern is existing. The chart shows ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

114.305 – 113.322 – 113.208 – 112.366 – 113.296 – 112.189 —
113.36000 – 113.24700 —
45.528424741451 – 43.14542512807 —
– —
114.305 – 1778047200

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