AUD/JPY – 1H – BUYThe currency pair jumps from the bullish trendline down.
A descending movement downwards to the next support level at 98.02200 will persist.
Caution: A possible counter-trend in the direction of the resistance line at 100.71800 could occur.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will persist. Current target is 99.986872 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the resistance line at 100.71800 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 105.76500 |
| 2nd High | 101.77100 |
| Next High | 100.71800 |
| Current Price | 99.29700 |
| Next Low | 98.02200 |
| 2nd Low | 97.62000 |
| 3rd Low | 96.70700 |