AUD/JPY – 1H – SELLThe currency pair jumps from the bullish trendline downwards
A bearish movement downwards to the next support level at 95.65700 is certain.
Caution: A possible counter-trend in the direction of the resistance zone at 97.87100 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Current target is 95.87 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 97.87100 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 101.77100 |
| 2nd High | 99.86000 |
| Next High | 97.87100 |
| Current Price | 96.90800 |
| Next Low | 95.65700 |
| 2nd Low | 95.31700 |
| 3rd Low | 93.86900 |