AUD/JPY – 30M – SELLThe currency pair Australian Dollar/Japanese Yen (AUD/JPY) jumps from the descending trendline down.
A continuation of the bearish trend downwards to the next support line at 100.72300 will continue.
Caution: A possible trend reversal in the direction of the resistance zone at 101.17200 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 101.30800 |
| 2nd High | 101.27700 |
| Next High | 101.17200 |
| Current Price | 100.79600 |
| Next Low | 100.72300 |
| 2nd Low | 100.68200 |
| 3rd Low | 100.45500 |