AUD/JPY – 1H – BUYThe pair moves from the ascending trendline up.
A continuation of the uptrend up to the next resistance line at 99.34800 will continue.
Caution: A possible trend reversal in the direction of the support level at 98.58600 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Current target is 99.348 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance zone at 99.34800 should always be considered.
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 | 99.34800 |
| Current Price | 99.07400 |
| Next Low | 98.58600 |
| 2nd Low | 98.48000 |
| 3rd Low | 97.62000 |