The currency pair Australian Dollar/Japanese Yen (AUD/JPY) jumps from the descending trendline down.
A continuation of the bearish trend downwards to the next support line at is considered certain.
Caution: A possible change in the direction of the resistance zone at 111.053 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish signal. The currency pair could go down.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Current target is 110.369 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support line at 111.053 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 112.086 |
| 2nd High | 111.212 |
| Next High | 111.053 |
| Current Price | 110.48800 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
111.053 – 111.212 – 111.042 – 110.063 – 110.22 – 109.92 —
110.98600 – 110.98100 —
66.64736264343 – 59.53087743194 —
– —
111.053 – 1772722800
Trading Signals: FOREX – AUD – AUD/JPY – JPY – – Symmetrical Triangle Chart Pattern – – – – – – – –