AUD/JPY – 30M – BUYThe currency pair moves from the ascending trendline downwards
A descending movement down to the next support at 94.69900 is considered certain.
Caution: A possible counter-trend in the direction of resistance at 95.61300 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 95.613 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of resistance at 95.61300 could happen.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 95.70600 |
| 2nd High | 95.66600 |
| Next High | 95.61300 |
| Current Price | 95.58200 |
| Next Low | 94.69900 |
| 2nd Low | 93.86900 |
| 3rd Low | 93.58600 |