AUD/JPY – 1H – SELLThe pair goes from the ascending trendline downwards
A bearish descent down to the next support line at 99.68100 is expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 100.76400 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
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 99.630824 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support level at 100.76400 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 101.77100 |
| 2nd High | 101.41400 |
| Next High | 100.76400 |
| Current Price | 100.11200 |
| Next Low | 99.68100 |
| 2nd Low | 99.08000 |
| 3rd Low | 98.34100 |