The combination Australian Dollar/Japanese Yen (AUD/JPY) jumps from the ascending trendline down.
A bearish trend down to the next support at 95.76 will persist.
Caution: A possible counter-trend in the direction of the resistance level at 96.985 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 97.334 |
| 2nd High | 97.326 |
| Next High | 96.985 |
| Current Price | 96.79800 |
| Next Low | 95.76 |
| 2nd Low | 95.703 |
| 3rd Low | 95.62 |
96.886 – 96.08 – 96.061 – 95.76 – 95.703 – 95.62 — 59.346216879564 – 48.016729690217 — 79.551520782415 – 54.945551420804 – 86.028603236259 – 73.2219020891
Trading Signals: FOREX – AUD – AUD/JPY – JPY – – Double bottom chart pattern – –