AUD/JPY – 1H – BUYThe combination jumps from the ascending trendline down.
A descent down to the next support line at 93.58600 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 95.66600 could be enabled.
Consider stop-loss settings accordingly.
Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Current target is 96.267046 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 95.66600 could be enabled.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 96.99700 |
| 2nd High | 95.70600 |
| Next High | 95.66600 |
| Current Price | 95.56800 |
| Next Low | 93.58600 |
| 2nd Low | 93.41400 |
| 3rd Low | 90.13100 |