AUD/JPY – 30M – BUYThe combination breaks through the bearish trendline upwards
An ascending movement up to the next resistance level at 100.92600 will persist.
Caution: A possible change in the direction of the support zone at 100.42200 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will persist. Target of the current trend is 100.708644 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the resistance line at 100.92600 could occur.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 101.06300 |
| 2nd High | 100.94700 |
| Next High | 100.92600 |
| Current Price | 100.66600 |
| Next Low | 100.42200 |
| 2nd Low | 100.02300 |
| 3rd Low | 100.00500 |