AUD/JPY – 30M – BUYThe combination jumps from the bullish trendline up.
A continuation of the upward movement up to the next resistance level at 100.45100 is expected.
Caution: A possible reversal of the trend in the direction of the support zone at 99.61600 is within the realm of possibility.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Current target is 100.500364 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 100.45100 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 100.94100 |
| 2nd High | 100.83100 |
| Next High | 100.45100 |
| Current Price | 100.21800 |
| Next Low | 99.61600 |
| 2nd Low | 99.56600 |
| 3rd Low | 99.43000 |