AUD/JPY – 1H – BUYThe pair jumps from the ascending trendline down.
A descending movement downwards to the next support at 93.86900 will persist.
Caution: A possible change in the direction of the resistance zone at 96.24300 should always be considered.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will persist. Current target is 96.243 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the resistance zone at 96.24300 should always be considered.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 97.04400 |
| 2nd High | 96.99700 |
| Next High | 96.24300 |
| Current Price | 95.78000 |
| Next Low | 93.86900 |
| 2nd Low | 93.58600 |
| 3rd Low | 93.41400 |