AUD/JPY – 30M – BUY

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

The bullish trend upwards to the next resistance at 111.735 is considered certain.

Caution: A possible trend reversal in the direction of the support level at 111.148 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Bullish Belt Hold’ candle pattern is discovered. The candles show ‘Bullish Belt Hold’. 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 success rate of a ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).

111.735 – 112.157 – 112.263 – 111.148 – 111.867 – 112.009 —
111.53000 – 111.68000 —
49.354826088504 – 55.515521246757 —
– —
111.735 – 1783009800

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