AUD/JPY – 30M – SELLCorrection of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Current target is 94.390996 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support level at 95.70600 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 97.04400 |
| 2nd High | 96.99700 |
| Next High | 95.70600 |
| Current Price | 95.15600 |
| Next Low | 93.58600 |
| 2nd Low | 93.41400 |
| 3rd Low | 91.34200 |