The currency pair Australian Dollar/Japanese Yen (AUD/JPY) jumps from the ascending trendline downwards
The bearish trend down to the next support at 111.158 is likely expected.
Caution: A possible counter-trend in the direction of the resistance level at 113.209 should always be considered.
Consider stop-loss settings accordingly.
And also a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish signal. The currency pair could go down.
And also a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. which could be a negative signal. The currency pair is likely to fall.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 110.570772 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of support at 113.209 should always be considered.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 113.953 |
| Next High | 113.209 |
| Current Price | 110.96500 |
| Next Low | 111.158 |
| 2nd Low | 109.526 |
| 3rd Low | 108.8 |
113.209 – 113.953 – 112.086 – 111.158 – 111.48 – 109.526 —
111.98000 – 111.74300 —
41.284767101136 – 39.455009568034 —
– —
113.209 – 1773806400
Trading Signals: FOREX – AUD – AUD/JPY – JPY – – Symmetrical Triangle Chart Pattern – – – – – – – –