AUD/JPY – 30M – SELLThe combination moves from the descending trendline downwards
A continuation of the downtrend downwards to the next support level at 99.08000 will persist.
Caution: A possible counter-trend in the direction of the resistance level at 100.09400 should always be considered.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Current target is 99.313808 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support level at 100.09400 should always be considered.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 101.41400 |
| 2nd High | 100.16000 |
| Next High | 100.09400 |
| Current Price | 99.81500 |
| Next Low | 99.08000 |
| 2nd Low | 98.74200 |
| 3rd Low | 98.34100 |