AUD/JPY – 1H – SELLThe combination jumps from the ascending trendline downwards
The bearish trend downwards to the next support line at 98.58600 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 99.34800 could occur.
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 | 99.34800 |
| Current Price | 99.18300 |
| Next Low | 98.58600 |
| 2nd Low | 98.48000 |
| 3rd Low | 97.62000 |