AUD/JPY – 30M – SELLThe currency pair jumps from the bearish trendline down.
A continuation of the downtrend down to the next support level at 99.69300 is certain.
Caution: A possible change in the direction of the resistance zone at 100.39500 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 101.41400 |
| 2nd High | 100.40400 |
| Next High | 100.39500 |
| Current Price | 100.16500 |
| Next Low | 99.69300 |
| 2nd Low | 99.08000 |
| 3rd Low | 98.74200 |