AUD/JPY – 30M – BUYThe currency pair moves from the ascending trendline downwards
The bearish trend down to the next support level at 98.74200 is expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 101.26700 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Current target is 101.267 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 101.26700 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 103.11000 |
| 2nd High | 101.77100 |
| Next High | 101.26700 |
| Current Price | 100.55800 |
| Next Low | 98.74200 |
| 2nd Low | 98.34100 |
| 3rd Low | 98.08900 |