AUD/JPY – 1H – BUYThe currency pair breaks through the bearish trendline up.
The bullish trend upwards to the next resistance line at 100.72100 will continue.
Caution: A possible reversal of the trend in the direction of the support line at 100.00500 could happen.
Consider stop-loss settings accordingly.
Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Target of the current trend is 101.093996 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of resistance at 100.72100 could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 101.51900 |
| 2nd High | 100.94700 |
| Next High | 100.72100 |
| Current Price | 100.55400 |
| Next Low | 100.00500 |
| 2nd Low | 99.53300 |
| 3rd Low | 99.43000 |