AUD/JPY – 30M – SELLThe pair jumps from the ascending trendline down.
A descent downwards to the next support line at 95.65700 is likely expected.
Caution: A possible trend reversal in the direction of the resistance zone at 97.87100 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 99.86000 |
| 2nd High | 99.83400 |
| Next High | 97.87100 |
| Current Price | 97.48900 |
| Next Low | 95.65700 |
| 2nd Low | 95.31700 |
| 3rd Low | 94.69900 |