AUD/JPY – 1H – BUYThe combination goes from the bullish trendline downwards
A bearish movement down to the next support line at 94.72400 is likely expected.
Caution: A possible reversal of the trend in the direction of resistance at 95.66600 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 96.267046 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of resistance at 95.66600 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 96.99700 |
| 2nd High | 95.70600 |
| Next High | 95.66600 |
| Current Price | 95.38000 |
| Next Low | 94.72400 |
| 2nd Low | 93.58600 |
| 3rd Low | 93.41400 |