AUD/JPY – 30M – SELLThe pair jumps from the bearish trendline downwards
A continuation of the bearish trend down to the next support at 97.98100 is expected.
Caution: A possible counter-trend in the direction of resistance at 99.16200 could occur.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is expected. Target of the current trend is 98.262 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support line at 99.16200 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 101.77100 |
| 2nd High | 100.71800 |
| Next High | 99.16200 |
| Current Price | 98.16200 |
| Next Low | 97.98100 |
| 2nd Low | 97.94100 |
| 3rd Low | 97.62000 |