Sell AUD/JPY – 1H – SELL

The pair moves from the bullish trendline downwards

A bearish descent downwards to the next support at 95.31700 is certain.

Caution: A possible reversal of the trend in the direction of resistance at 96.24300 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bullish trend broke the Fibonacci 0-Level.Continuation of the current descending trend is certain. Current target is 95.682736 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support zone at 96.24300 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Support & Resistance Price Range*
3rd High 97.04400
2nd High 96.99700
Next High 96.24300
Current Price 96.08800
Next Low 95.31700
2nd Low 93.86900
3rd Low 93.58600

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