AUD/JPY – 30M – SELLThe pair jumps from the ascending trendline downwards
The bearish trend downwards to the next support line at 96.70700 is likely expected.
Caution: A possible trend reversal in the direction of the resistance level at 97.87100 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 99.86000 |
| 2nd High | 99.83400 |
| Next High | 97.87100 |
| Current Price | 97.92100 |
| Next Low | 96.70700 |
| 2nd Low | 95.65700 |
| 3rd Low | 95.31700 |