AUD/JPY – 30M – BUYThe pair Australian Dollar/Japanese Yen (AUD/JPY) breaks through the descending trendline up.
An ascending movement upwards to the next resistance at 98.74700 is likely expected.
Caution: A possible counter-trend in the direction of the support zone at 98.34100 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend is likely expected. Current target is 98.892074 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the resistance line at 98.74700 could happen.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 100.30800 |
| 2nd High | 99.21500 |
| Next High | 98.74700 |
| Current Price | 98.48300 |
| Next Low | 98.34100 |
| 2nd Low | 98.12700 |
| 3rd Low | 97.70600 |