AUD/JPY – 30M – SELLThe combination jumps from the ascending trendline down.
A bearish trend downwards to the next support at 100.03100 is expected.
Caution: A possible trend reversal in the direction of the resistance zone at 100.76400 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Target of the current trend is 99.936588 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of support at 100.76400 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 101.77100 |
| 2nd High | 101.41400 |
| Next High | 100.76400 |
| Current Price | 100.11200 |
| Next Low | 100.03100 |
| 2nd Low | 99.68100 |
| 3rd Low | 99.08000 |