AUD/JPY – 1H – BUYThe pair goes from the ascending trendline downwards
A descending movement down to the next support level at 95.31700 will continue.
Caution: A possible reversal of the trend in the direction of resistance at 96.24300 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Current target is 96.243 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of resistance at 96.24300 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 97.04400 |
| 2nd High | 96.99700 |
| Next High | 96.24300 |
| Current Price | 96.12000 |
| Next Low | 95.31700 |
| 2nd Low | 93.86900 |
| 3rd Low | 93.58600 |