AUD/JPY – 1H – SELLThe pair jumps from the descending trendline down.
A continuation of the downtrend downwards to the next support level at 99.56600 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 100.94100 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 101.41400 |
| Next High | 100.94100 |
| Current Price | 100.61600 |
| Next Low | 99.56600 |
| 2nd Low | 99.43000 |
| 3rd Low | 99.08000 |