AUD/JPY – 30M – SELLThe currency pair moves from the ascending trendline down.
The bearish trend downwards to the next support at 98.48000 is considered certain.
Caution: A possible trend reversal in the direction of the resistance zone at 99.34800 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend is considered certain. Current target is 99.143152 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support line at 99.34800 could happen.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 99.86000 |
| 2nd High | 99.83400 |
| Next High | 99.34800 |
| Current Price | 98.56200 |
| Next Low | 98.48000 |
| 2nd Low | 97.98100 |
| 3rd Low | 97.94100 |