AUD/JPY – 1H – BUYThe pair jumps from the ascending trendline downwards
A bearish movement down to the next support at 100.00500 is considered certain.
Caution: A possible change in the direction of the resistance line at 100.92600 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 100.947 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the resistance line at 100.92600 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 101.51900 |
| 2nd High | 100.94700 |
| Next High | 100.92600 |
| Current Price | 100.81700 |
| Next Low | 100.00500 |
| 2nd Low | 99.53300 |
| 3rd Low | 99.43000 |