AUD/JPY – 1H – SELLThe combination moves from the ascending trendline down.
A bearish descent down to the next support line at 96.70700 is considered certain.
Caution: A possible trend reversal in the direction of the resistance level at 98.30000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 101.77100 |
| 2nd High | 99.86000 |
| Next High | 98.30000 |
| Current Price | 98.31600 |
| Next Low | 96.70700 |
| 2nd Low | 95.65700 |
| 3rd Low | 95.31700 |