AUD/JPY – 1H – SELLThe combination jumps from the ascending trendline downwards
A descent down to the next support line at 99.93900 is expected.
Caution: A possible trend reversal in the direction of the resistance zone at 101.02800 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 101.41400 |
| Next High | 101.02800 |
| Current Price | 100.92000 |
| Next Low | 99.93900 |
| 2nd Low | 99.56600 |
| 3rd Low | 99.43000 |