AUD/JPY – 1H – SELLCorrection of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Current target is 99.718 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 101.41400 should be noted.
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 | 101.41400 |
| Current Price | 100.29800 |
| Next Low | 99.89600 |
| 2nd Low | 98.34100 |
| 3rd Low | 98.02200 |