AUD/JPY – 1H – SELLThe pair jumps from the descending trendline downwards
A continuation of the downtrend downwards to the next support line at 94.72400 will continue.
Caution: A possible trend reversal in the direction of the resistance zone at 95.66600 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 96.99700 |
| 2nd High | 95.70600 |
| Next High | 95.66600 |
| Current Price | 94.96300 |
| Next Low | 94.72400 |
| 2nd Low | 93.58600 |
| 3rd Low | 93.41400 |