AUD/JPY – 30M – SELLThe combination jumps from the bullish trendline downwards
A bearish descent down to the next support level at 100.25600 is expected.
Caution: A possible change in the direction of resistance at 102.28500 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Target of the current trend is 100.256 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the support zone at 102.28500 could happen.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 102.39800 |
| Next High | 102.28500 |
| Current Price | 100.59800 |
| Next Low | 100.25600 |
| 2nd Low | 100.02300 |
| 3rd Low | 100.00500 |