AUD/JPY – 30M – BUYThe currency pair breaks through the descending trendline upwards
A bullish trend up to the next resistance line at 98.90500 will continue.
Caution: A possible change in the direction of the support line at 98.08900 is also possible.
Consider stop-loss settings accordingly.
Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Current target is 99.37 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance level at 98.90500 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 100.71800 |
| 2nd High | 99.16200 |
| Next High | 98.90500 |
| Current Price | 98.86100 |
| Next Low | 98.08900 |
| 2nd Low | 98.02200 |
| 3rd Low | 97.98100 |