AUD/JPY – 1H – BUYThe pair breaks through the ascending trendline upwards
A continuation of the bullish trend up to the next resistance level at will continue.
Caution: A possible reversal of the trend in the direction of the support level at 99.93900 is within the realm of possibility.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend will continue. Current target is 101.028 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance line at is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 101.42900 |
| Next Low | 99.93900 |
| 2nd Low | 99.56600 |
| 3rd Low | 99.43000 |