AUD/JPY – 1H – SELLThe pair moves from the bullish trendline down.
A bearish movement downwards to the next support level at 96.70700 will continue.
Caution: A possible reversal of the trend in the direction of the resistance level at 98.30000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke the Fibonacci 0-Level.Continuation of the current descending trend will continue. Target of the current trend is 97.254284 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of support at 98.30000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 101.77100 |
| 2nd High | 99.86000 |
| Next High | 98.30000 |
| Current Price | 97.78200 |
| Next Low | 96.70700 |
| 2nd Low | 95.65700 |
| 3rd Low | 95.31700 |