AUD/JPY – 30M – BUYThe combination jumps from the bullish trendline upwards
A continuation of the uptrend up to the next resistance at 99.34800 is certain.
Caution: A possible counter-trend in the direction of the support level at 98.58600 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is certain. Current target is 99.025388 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the resistance line at 99.34800 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 | 99.34800 |
| Current Price | 98.91100 |
| Next Low | 98.58600 |
| 2nd Low | 98.48000 |
| 3rd Low | 97.98100 |