AUD/JPY – 30M – SELLThe combination jumps from the bearish trendline down.
A continuation of the bearish trend downwards to the next support at 100.29600 is considered certain.
Caution: A possible trend reversal in the direction of the resistance zone at 100.87100 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Current target is 100.296 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of support at 100.87100 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 101.68600 |
| 2nd High | 101.42300 |
| Next High | 100.87100 |
| Current Price | 100.50300 |
| Next Low | 100.29600 |
| 2nd Low | 100.15400 |
| 3rd Low | 100.03000 |