AUD/JPY – 30M – SELLThe combination moves from the descending trendline downwards
A continuation of the downward movement down to the next support at 94.16100 is likely expected.
Caution: A possible trend reversal in the direction of resistance at 95.61300 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 95.70600 |
| 2nd High | 95.66600 |
| Next High | 95.61300 |
| Current Price | 94.26000 |
| Next Low | 94.16100 |
| 2nd Low | 93.58600 |
| 3rd Low | 93.41400 |