Sell AUD/JPY – 1H – SELL

The currency pair jumps from the ascending trendline down.

A descending movement down to the next support line at 100.25600 will continue.

Caution: A possible reversal of the trend in the direction of resistance at 102.39800 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Target of the current trend is 100.14611 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support level at 102.39800 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Support & Resistance Price Range*
3rd High
2nd High
Next High 102.39800
Current Price 100.92100
Next Low 100.25600
2nd Low 100.00500
3rd Low 99.53300

Download AUD/JPY Signal Image

Trading Signals:

Forex and Crypto Live Trading Signals - MyLiveSignals