AUD/JPY – 30M – BUYThe currency pair Australian Dollar/Japanese Yen (AUD/JPY) breaks through the descending trendline upwards
An ascent upwards to the next resistance line at 101.13800 will persist.
Caution: A possible counter-trend in the direction of the support line at 100.29700 could happen.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will persist. Current target is 101.065008 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the resistance zone at 101.13800 could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 101.55400 |
| 2nd High | 101.14200 |
| Next High | 101.13800 |
| Current Price | 100.64200 |
| Next Low | 100.29700 |
| 2nd Low | 99.48200 |
| 3rd Low | 99.41200 |