AUD/JPY – 30M – SELLThe pair goes from the descending trendline downwards
A continuation of the bearish trend downwards to the next support line at 98.08900 is certain.
Caution: A possible counter-trend in the direction of the resistance level at 100.09700 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Current target is 98.46605 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support zone at 100.09700 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 101.77100 |
| 2nd High | 100.71800 |
| Next High | 100.09700 |
| Current Price | 98.82100 |
| Next Low | 98.08900 |
| 2nd Low | 98.02200 |
| 3rd Low | 97.98100 |