AUD/JPY – 1H – BUY

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

An ascending movement upwards to the next resistance level at 112.263 is likely expected.

Caution: A possible counter-trend in the direction of the support line at 111.148 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart scenario. The currency pair is likely to rise.

Besides a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which could be a positive chart signal. The currency pair is likely to rise.

Besides a ‘Three Outside Up’ candlestick chart pattern is found. The chart shows ‘Three Outside Up’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

112.263 – 112.626 – 111.708 – 111.148 – 111.978 – 111.287 —
111.49200 – 111.68000 —
36.919987962415 – 45.265192448181 —
– —
112.263 – 1782921600

Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Outside Up – Symmetrical Triangle Chart Pattern – – – – – – – –