AUD/JPY – 1H – BUYThe pair breaks through the ascending trendline up.
A continuation of the upward movement up to the next resistance at 101.77100 will persist.
Caution: A possible counter-trend in the direction of the support zone at 98.58600 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 106.82300 |
| 2nd High | 105.76500 |
| Next High | 101.77100 |
| Current Price | 100.57300 |
| Next Low | 98.58600 |
| 2nd Low | 98.48000 |
| 3rd Low | 97.62000 |