AUD/JPY – 1H – BUYThe combination goes from the bullish trendline upwards
A continuation of the uptrend upwards to the next resistance level at 100.71800 will continue.
Caution: A possible reversal of the trend in the direction of the support level at 98.02200 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will continue. Current target is 99.169 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 100.71800 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 105.76500 |
| 2nd High | 101.77100 |
| Next High | 100.71800 |
| Current Price | 98.65900 |
| Next Low | 98.02200 |
| 2nd Low | 97.62000 |
| 3rd Low | 96.70700 |