AUD/JPY – 30M – BUYThe combination breaks through the ascending trendline up.
A continuation of the uptrend upwards to the next resistance level at 100.70200 will continue.
Caution: A possible counter-trend in the direction of the support zone at 100.02300 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Current target is 100.721 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of resistance at 100.70200 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 100.94700 |
| 2nd High | 100.72100 |
| Next High | 100.70200 |
| Current Price | 100.59600 |
| Next Low | 100.02300 |
| 2nd Low | 100.00500 |
| 3rd Low | 99.85500 |