AUD/JPY – 30M – SELLThe pair moves from the bullish trendline downwards
A descent down to the next support line at 99.89600 is expected.
Caution: A possible change in the direction of the resistance level at 101.26700 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend is expected. Target of the current trend is 100.576464 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support line at 101.26700 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 103.11000 |
| 2nd High | 101.77100 |
| Next High | 101.26700 |
| Current Price | 101.01500 |
| Next Low | 99.89600 |
| 2nd Low | 98.74200 |
| 3rd Low | 98.34100 |