AUD/JPY – 1H – BUYThe combination jumps from the bullish trendline up.
A continuation of the upward movement upwards to the next resistance line at 97.87100 is considered certain.
Caution: A possible counter-trend in the direction of support at 95.65700 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 101.77100 |
| 2nd High | 99.86000 |
| Next High | 97.87100 |
| Current Price | 97.11300 |
| Next Low | 95.65700 |
| 2nd Low | 95.31700 |
| 3rd Low | 93.86900 |