AUD/JPY – 1H – BUYThe pair jumps from the ascending trendline downwards
A bearish movement downwards to the next support line at 99.56600 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 100.94100 should always be considered.
Consider stop-loss settings accordingly.
Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is considered certain. Current target is 100.1855 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 100.94100 should always be considered.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 101.41400 |
| Next High | 100.94100 |
| Current Price | 100.13200 |
| Next Low | 99.56600 |
| 2nd Low | 99.43000 |
| 3rd Low | 99.08000 |