AUD/JPY – 1H – BUYThe pair jumps from the ascending trendline up.
A continuation of the uptrend upwards to the next resistance level at 100.09700 is expected.
Caution: A possible reversal of the trend in the direction of the support line at 98.02200 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 | 100.09700 |
| Current Price | 98.92000 |
| Next Low | 98.02200 |
| 2nd Low | 97.62000 |
| 3rd Low | 96.70700 |