AUD/JPY – 1H – BUYThe combination jumps from the ascending trendline upwards
A continuation of the uptrend upwards to the next resistance line at 98.71100 is likely expected.
Caution: A possible counter-trend in the direction of the support zone at 97.62000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 101.77100 |
| 2nd High | 99.86000 |
| Next High | 98.71100 |
| Current Price | 98.29500 |
| Next Low | 97.62000 |
| 2nd Low | 96.70700 |
| 3rd Low | 95.65700 |