AUD/JPY – 1H – BUYThe pair breaks through the bullish trendline up.
A continuation of the upward movement upwards to the next resistance line at 99.05900 is certain.
Caution: A possible counter-trend in the direction of support at 97.62000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 101.77100 |
| 2nd High | 99.86000 |
| Next High | 99.05900 |
| Current Price | 99.13300 |
| Next Low | 97.62000 |
| 2nd Low | 96.70700 |
| 3rd Low | 95.65700 |