AUD/JPY – 30M – SELLThe currency pair goes from the ascending trendline downwards
A bearish movement downwards to the next support at 100.29600 will continue.
Caution: A possible counter-trend in the direction of the resistance line at 101.11300 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 100.296 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support level at 101.11300 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 101.68600 |
| 2nd High | 101.42300 |
| Next High | 101.11300 |
| Current Price | 100.53300 |
| Next Low | 100.29600 |
| 2nd Low | 100.15400 |
| 3rd Low | 100.03000 |