AUD/JPY – 1H – SELLThe currency pair moves from the ascending trendline downwards
A descent downwards to the next support line at 98.34100 is considered certain.
Caution: A possible change in the direction of the resistance zone at 100.09700 should always be considered.
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 is considered certain. Target of the current trend is 98.658256 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support level at 100.09700 should always be considered.
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 | 98.84800 |
| Next Low | 98.34100 |
| 2nd Low | 98.02200 |
| 3rd Low | 97.62000 |