AUD/JPY – 1H – BUYCorrection of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend will persist. Target of the current trend is 95.2915 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance zone at 95.66600 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 96.99700 |
| 2nd High | 95.70600 |
| Next High | 95.66600 |
| Current Price | 94.46200 |
| Next Low | 94.16100 |
| 2nd Low | 93.58600 |
| 3rd Low | 93.41400 |