AUD/JPY – 30M – BUYCorrection of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is certain. Current target is 100.721 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance level 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 | 101.51900 |
| 2nd High | 101.06300 |
| Next High | 100.94700 |
| Current Price | 100.85600 |
| Next Low | 100.02300 |
| 2nd Low | 100.00500 |
| 3rd Low | 99.85500 |