AUD/JPY – 1H – BUYThe pair breaks through the ascending trendline up.
A continuation of the bullish trend up to the next resistance at 99.86000 is considered certain.
Caution: A possible reversal of the trend in the direction of the support line at 98.58600 should always be considered.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 99.348 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 99.86000 should always be considered.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 105.76500 |
| 2nd High | 101.77100 |
| Next High | 99.86000 |
| Current Price | 99.47000 |
| Next Low | 98.58600 |
| 2nd Low | 98.48000 |
| 3rd Low | 97.62000 |