AUD/JPY – 30M – BUYThe pair moves from the ascending trendline downwards
A bearish movement down to the next support level at 100.42200 is considered certain.
Caution: A possible change in the direction of the resistance line at 100.92600 is within the realm of possibility.
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 is considered certain. Target of the current trend is 100.926 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the resistance line at 100.92600 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 101.06300 |
| 2nd High | 100.94700 |
| Next High | 100.92600 |
| Current Price | 100.92400 |
| Next Low | 100.42200 |
| 2nd Low | 100.02300 |
| 3rd Low | 100.00500 |