AUD/JPY – 30M – BUYThe currency pair jumps from the bullish trendline down.
A bearish descent downwards to the next support level at 99.93900 will persist.
Caution: A possible trend reversal in the direction of resistance at 100.45100 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will persist. Current target is 100.53246 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of resistance at 100.45100 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 100.94100 |
| 2nd High | 100.83100 |
| Next High | 100.45100 |
| Current Price | 100.25700 |
| Next Low | 99.93900 |
| 2nd Low | 99.61600 |
| 3rd Low | 99.56600 |