AUD/JPY – 1H – SELLThe currency pair moves from the bullish trendline down.
A bearish descent downwards to the next support at 97.62000 is expected.
Caution: A possible change in the direction of resistance at 98.71100 could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 101.77100 |
| 2nd High | 99.86000 |
| Next High | 98.71100 |
| Current Price | 98.54500 |
| Next Low | 97.62000 |
| 2nd Low | 96.70700 |
| 3rd Low | 95.65700 |