AUD/JPY – 30M – BUYThe pair moves from the descending trendline downwards
A continuation of the downtrend down to the next support line at 99.85500 will continue.
Caution: A possible reversal of the trend in the direction of the resistance level at 100.72100 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Current target is 100.73558 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 100.72100 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 101.06300 |
| 2nd High | 100.94700 |
| Next High | 100.72100 |
| Current Price | 100.34200 |
| Next Low | 99.85500 |
| 2nd Low | 99.82300 |
| 3rd Low | 99.53300 |