Buy AUD/JPY – 30M – BUY

The currency pair jumps from the ascending trendline down.

A descent down to the next support line at 98.08900 is expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 100.09700 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is expected. Target of the current trend is 99.0595 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 100.09700 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Support & Resistance Price Range*
3rd High 101.77100
2nd High 100.71800
Next High 100.09700
Current Price 98.91800
Next Low 98.08900
2nd Low 98.02200
3rd Low 97.98100

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