AUD/JPY – 30M – BUYThe currency pair breaks through the bullish trendline upwards
A continuation of the bullish trend up to the next resistance level at 100.68000 is expected.
Caution: A possible trend reversal in the direction of the support line at 100.34800 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Target of the current trend is 100.68 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance zone at 100.68000 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 | 100.68000 |
| Current Price | 100.64600 |
| Next Low | 100.34800 |
| 2nd Low | 99.61600 |
| 3rd Low | 99.56600 |