AUD/JPY – 1H – BUYCorrection of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend is expected. Target of the current trend is 100.941 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the resistance zone at 100.94100 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 101.41400 |
| Next High | 100.94100 |
| Current Price | 100.76500 |
| Next Low | 99.56600 |
| 2nd Low | 99.43000 |
| 3rd Low | 99.08000 |