AUD/JPY – 1H – BUYCorrection of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 95.2915 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance line at 95.66600 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 96.99700 |
| 2nd High | 95.70600 |
| Next High | 95.66600 |
| Current Price | 94.71000 |
| Next Low | 94.16100 |
| 2nd Low | 93.58600 |
| 3rd Low | 93.41400 |