AUD/JPY – 1H – SELLThe currency pair Australian Dollar/Japanese Yen (AUD/JPY) jumps from the descending trendline down.
A continuation of the bearish trend down to the next support at 100.45500 is considered certain.
Caution: A possible counter-trend in the direction of the resistance level at 101.27700 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Current target is 100.744 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 101.27700 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 102.39800 |
| 2nd High | 101.34900 |
| Next High | 101.27700 |
| Current Price | 100.97200 |
| Next Low | 100.45500 |
| 2nd Low | 100.13900 |
| 3rd Low | 100.00500 |