AUD/JPY – 1H – SELLThe pair goes from the ascending trendline downwards
A descending movement downwards to the next support at 99.56600 is expected.
Caution: A possible change in the direction of the resistance zone at 100.04800 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Target of the current trend is 99.786596 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of support at 100.04800 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 | 100.94100 |
| Next High | 100.04800 |
| Current Price | 99.99300 |
| Next Low | 99.56600 |
| 2nd Low | 99.43000 |
| 3rd Low | 99.08000 |