AUD/JPY – 30M – SELLThe pair jumps from the ascending trendline downwards
A bearish descent down to the next support level at 100.06400 will continue.
Caution: A possible counter-trend in the direction of the resistance zone at 100.76400 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend will continue. Target of the current trend is 100.532238 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of support at 100.76400 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 101.77100 |
| 2nd High | 101.41400 |
| Next High | 100.76400 |
| Current Price | 100.71400 |
| Next Low | 100.06400 |
| 2nd Low | 100.03100 |
| 3rd Low | 99.68100 |