AUD/JPY – 1H – BUYThe combination breaks through the ascending trendline up.
A continuation of the upward movement up to the next resistance level at 97.87100 is certain.
Caution: A possible counter-trend in the direction of support at 96.70700 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 101.77100 |
| 2nd High | 99.86000 |
| Next High | 97.87100 |
| Current Price | 98.10300 |
| Next Low | 96.70700 |
| 2nd Low | 95.65700 |
| 3rd Low | 95.31700 |