AUD/JPY – 30M – BUYThe currency pair jumps from the ascending trendline down.
A bearish trend downwards to the next support line at 99.82300 will persist.
Caution: A possible change in the direction of the resistance zone at 100.94700 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend will persist. Current target is 100.526 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance zone at 100.94700 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 101.51900 |
| 2nd High | 101.06300 |
| Next High | 100.94700 |
| Current Price | 100.20700 |
| Next Low | 99.82300 |
| 2nd Low | 99.53300 |
| 3rd Low | 99.43000 |