Buy AUD/JPY – 30M – BUY

The combination Australian Dollar/Japanese Yen (AUD/JPY) breaks through the descending trendline up.

A bullish trend up to the next resistance at 98.65600 is certain.

Caution: A possible trend reversal in the direction of the support zone at 98.14700 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is certain. Current target is 98.774196 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance zone at 98.65600 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Support & Resistance Price Range*
3rd High 99.21500
2nd High 99.16100
Next High 98.65600
Current Price 98.50900
Next Low 98.14700
2nd Low 97.52200
3rd Low 97.49000

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