AUD/JPY – 30M – SELLThe pair goes from the descending trendline down.
A continuation of the bearish trend downwards to the next support at 100.39800 is considered certain.
Caution: A possible trend reversal in the direction of resistance at 101.42300 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
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 100.991 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support line at 101.42300 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 101.68600 |
| Next High | 101.42300 |
| Current Price | 101.23700 |
| Next Low | 100.39800 |
| 2nd Low | 100.29600 |
| 3rd Low | 100.15400 |