AUD/JPY – 1H – BUYThe pair Australian Dollar/Japanese Yen (AUD/JPY) breaks through the bearish trendline up.
A bullish ascent upwards to the next resistance level at 101.55400 will continue.
Caution: A possible change in the direction of the support line at 100.29700 should be noted.
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 continue. Current target is 101.048488 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the resistance zone at 101.55400 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 102.39800 |
| Next High | 101.55400 |
| Current Price | 100.60500 |
| Next Low | 100.29700 |
| 2nd Low | 99.48200 |
| 3rd Low | 99.41200 |