AUD/JPY – 1H – SELLThe combination goes from the bullish trendline down.
A bearish movement downwards to the next support line at 100.89600 is considered certain.
Caution: A possible trend reversal in the direction of resistance at 101.68600 could be enabled.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Current target is 100.558 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 101.68600 could be enabled.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 101.68600 |
| Current Price | 101.06800 |
| Next Low | 100.89600 |
| 2nd Low | 99.93900 |
| 3rd Low | 99.56600 |