AUD/JPY – 30M – SELLThe currency pair jumps from the bullish trendline down.
A bearish trend down to the next support line at 97.76600 is certain.
Caution: A possible counter-trend in the direction of the resistance level at 98.30000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend is certain. Target of the current trend is 97.924052 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support zone at 98.30000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 99.86000 |
| 2nd High | 99.83400 |
| Next High | 98.30000 |
| Current Price | 98.21400 |
| Next Low | 97.76600 |
| 2nd Low | 97.70900 |
| 3rd Low | 96.70700 |