AUD/JPY – 1H – BUYThe combination jumps from the bullish trendline down.
A descending movement down to the next support level at 99.08000 will persist.
Caution: A possible reversal of the trend in the direction of the resistance line at 101.41400 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will persist. Target of the current trend is 100.688772 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 101.41400 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 105.76500 |
| 2nd High | 101.77100 |
| Next High | 101.41400 |
| Current Price | 100.06600 |
| Next Low | 99.08000 |
| 2nd Low | 98.34100 |
| 3rd Low | 98.02200 |