AUD/JPY – 30M – SELLCorrection of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Current target is 97.853474 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support level at 98.71100 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 99.86000 |
| 2nd High | 99.83400 |
| Next High | 98.71100 |
| Current Price | 98.07900 |
| Next Low | 97.94100 |
| 2nd Low | 97.62000 |
| 3rd Low | 96.70700 |