AUD/JPY – 1H – SELLThe currency pair moves from the bullish trendline down.
A bearish movement down to the next support line at 98.48000 is certain.
Caution: A possible change in the direction of the resistance line at 99.34800 is also possible.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke the Fibonacci 0-Level.Continuation of the current descending trend is certain. Target of the current trend is 98.724724 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support level at 99.34800 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 101.77100 |
| 2nd High | 99.86000 |
| Next High | 99.34800 |
| Current Price | 98.53200 |
| Next Low | 98.48000 |
| 2nd Low | 97.62000 |
| 3rd Low | 96.70700 |