AUD/JPY – 4H – BUYThe combination Australian Dollar/Japanese Yen (AUD/JPY) breaks through the descending trendline up.
An ascent up to the next resistance line at 97.79400 is expected.
Caution: A possible trend reversal in the direction of the support zone at 95.98200 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 102.39800 |
| 2nd High | 101.55400 |
| Next High | 97.79400 |
| Current Price | 97.29900 |
| Next Low | 95.98200 |
| 2nd Low | 95.51400 |
| 3rd Low |