AUD/JPY – 1H – SELLThe combination moves from the bullish trendline downwards
A bearish descent down to the next support level at 99.53300 is likely expected.
Caution: A possible counter-trend in the direction of the resistance level at 100.94700 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 100.041108 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support level at 100.94700 is also possible.
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 | 100.94700 |
| Current Price | 100.36400 |
| Next Low | 99.53300 |
| 2nd Low | 99.43000 |
| 3rd Low | 99.08000 |