AUD/JPY – 30M – SELLThe pair jumps from the descending trendline downwards
A continuation of the downward movement down to the next support line at 99.85500 will persist.
Caution: A possible counter-trend in the direction of the resistance line at 100.72100 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 101.06300 |
| 2nd High | 100.94700 |
| Next High | 100.72100 |
| Current Price | 100.19100 |
| Next Low | 99.85500 |
| 2nd Low | 99.82300 |
| 3rd Low | 99.53300 |