AUD/JPY – 30M – BUYThe pair breaks through the descending trendline up.
The bullish trend up to the next resistance level at 100.94100 is considered certain.
Caution: A possible counter-trend in the direction of support at 99.61600 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 100.68 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance line at 100.94100 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 101.41400 |
| Next High | 100.94100 |
| Current Price | 100.76500 |
| Next Low | 99.61600 |
| 2nd Low | 99.56600 |
| 3rd Low | 99.43000 |