AUD/JPY – 30M – SELLThe pair moves from the ascending trendline down.
A descent downwards to the next support level at 98.08900 will persist.
Caution: A possible reversal of the trend in the direction of the resistance zone at 100.71800 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Target of the current trend is 98.658256 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support level at 100.71800 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 103.11000 |
| 2nd High | 101.77100 |
| Next High | 100.71800 |
| Current Price | 99.29700 |
| Next Low | 98.08900 |
| 2nd Low | 98.02200 |
| 3rd Low | 97.98100 |