AUD/JPY – 30M – SELLThe currency pair moves from the bearish trendline down.
A continuation of the downward movement downwards to the next support at 100.67100 is certain.
Caution: A possible trend reversal in the direction of resistance at 101.06300 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Current target is 100.557722 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support level at 101.06300 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 101.68600 |
| 2nd High | 101.51900 |
| Next High | 101.06300 |
| Current Price | 100.82900 |
| Next Low | 100.67100 |
| 2nd Low | 100.39800 |
| 3rd Low | 100.29600 |