AUD/JPY – 30M – BUYThe currency pair breaks through the bearish trendline upwards
A bullish ascent up to the next resistance at 100.71800 will continue.
Caution: A possible change in the direction of the support level at 98.08900 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Target of the current trend is 100.141056 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the resistance level at 100.71800 should be noted.
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 | 99.49500 |
| Next Low | 98.08900 |
| 2nd Low | 98.02200 |
| 3rd Low | 97.98100 |