AUD/JPY – 30M – BUYThe pair breaks through the ascending trendline up.
A continuation of the uptrend upwards to the next resistance level at 97.87100 will persist.
Caution: A possible reversal of the trend in the direction of the support level at 96.70700 could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 99.86000 |
| 2nd High | 99.83400 |
| Next High | 97.87100 |
| Current Price | 97.98900 |
| Next Low | 96.70700 |
| 2nd Low | 95.65700 |
| 3rd Low | 95.31700 |