AUD/JPY – 1H – BUYThe combination breaks through the descending trendline up.
An ascent upwards to the next resistance line at 100.71800 is considered certain.
Caution: A possible counter-trend in the direction of the support level at 98.34100 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend is considered certain. Current target is 100.718 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the resistance line at 100.71800 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 105.76500 |
| 2nd High | 101.77100 |
| Next High | 100.71800 |
| Current Price | 100.33800 |
| Next Low | 98.34100 |
| 2nd Low | 98.02200 |
| 3rd Low | 97.62000 |