AUD/JPY – 30M – BUYThe pair breaks through the descending trendline up.
An ascent up to the next resistance line at 100.21800 is expected.
Caution: A possible counter-trend in the direction of the support zone at 99.61600 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 100.94100 |
| 2nd High | 100.37700 |
| Next High | 100.21800 |
| Current Price | 100.18600 |
| Next Low | 99.61600 |
| 2nd Low | 99.56600 |
| 3rd Low | 99.43000 |