AUD/JPY – 1H – SELLCorrection of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is expected. Current target is 100.261 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support line at 100.94700 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 101.68600 |
| 2nd High | 101.51900 |
| Next High | 100.94700 |
| Current Price | 99.88700 |
| Next Low | 99.56600 |
| 2nd Low | 99.43000 |
| 3rd Low | 99.08000 |