AUD/JPY – 1H – BUYThe combination breaks through the ascending trendline upwards
A continuation of the uptrend upwards to the next resistance level at 99.86000 will continue.
Caution: A possible reversal of the trend in the direction of the support zone at 97.62000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend will continue. Target of the current trend is 99.059 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 99.86000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 105.76500 |
| 2nd High | 101.77100 |
| Next High | 99.86000 |
| Current Price | 99.23600 |
| Next Low | 97.62000 |
| 2nd Low | 96.70700 |
| 3rd Low | 95.65700 |