AUD/JPY – 30M – BUY

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

A bullish movement upwards to the next resistance level at 111.735 is certain.

Caution: A possible reversal of the trend in the direction of the support level at 111.148 is within the realm of possibility.
Consider stop-loss settings accordingly.

Moreover a ‘Three White Soldiers’ candle pattern is existing. The chart shows ‘Three White Soldiers’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ heading up is 82%.

111.735 – 112.157 – 112.263 – 111.148 – 111.867 – 112.009 —
111.49100 – 111.51100 —
44.066132617639 – 49.406158687965 —
– —
111.735 – 1783009800

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