AUD/JPY – 30M – BUYThe combination moves from the bullish trendline upwards
A continuation of the bullish trend up to the next resistance line at 99.05900 is considered certain.
Caution: A possible counter-trend in the direction of the support level at 98.57900 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is considered certain. Current target is 99.059 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance level at 99.05900 is also possible.
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 | 99.05900 |
| Current Price | 98.92300 |
| Next Low | 98.57900 |
| 2nd Low | 97.98100 |
| 3rd Low | 97.94100 |