AUD/JPY – 30M – SELLThe currency pair moves from the descending trendline downwards
A continuation of the downward movement down to the next support level at 98.02200 is considered certain.
Caution: A possible trend reversal in the direction of the resistance zone at 99.16200 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 0.24-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 98.022 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of support 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 | 98.48900 |
| Next Low | 98.02200 |
| 2nd Low | 97.98100 |
| 3rd Low | 97.94100 |