AUD/JPY – 1H – BUYThe pair goes from the bullish trendline down.
A bearish trend down to the next support level at 98.02200 is expected.
Caution: A possible change in the direction of resistance at 100.71800 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Target of the current trend is 99.986872 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of resistance at 100.71800 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 105.76500 |
| 2nd High | 101.77100 |
| Next High | 100.71800 |
| Current Price | 99.40700 |
| Next Low | 98.02200 |
| 2nd Low | 97.62000 |
| 3rd Low | 96.70700 |