AUD/JPY – 1H – SELLThe currency pair jumps from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support at 99.43000 is expected.
Caution: A possible trend reversal in the direction of resistance at 100.04800 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Target of the current trend is 99.43 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support level at 100.04800 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 101.41400 |
| 2nd High | 100.94100 |
| Next High | 100.04800 |
| Current Price | 99.73500 |
| Next Low | 99.43000 |
| 2nd Low | 99.08000 |
| 3rd Low | 98.34100 |