AUD/JPY – 30M – SELLThe pair moves from the bullish trendline down.
A bearish movement downwards to the next support line at 98.48000 will continue.
Caution: A possible change in the direction of resistance at 99.34800 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Target of the current trend is 98.6445 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support line at 99.34800 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 99.86000 |
| 2nd High | 99.83400 |
| Next High | 99.34800 |
| Current Price | 98.71700 |
| Next Low | 98.48000 |
| 2nd Low | 97.98100 |
| 3rd Low | 97.94100 |