AUD/JPY – 30M – BUYCorrection of the major bearish trend broke through the Fibonacci 0-Level.Continuation of the current ascending trend is certain. Target of the current trend is 98.841616 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of resistance at 99.16200 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 101.77100 |
| 2nd High | 100.71800 |
| Next High | 99.16200 |
| Current Price | 98.65100 |
| Next Low | 98.26200 |
| 2nd Low | 97.98100 |
| 3rd Low | 97.94100 |