AUD/JPY – 1H – SELLThe pair goes from the bullish trendline downwards
A descent down to the next support at 100.23200 is certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 101.26700 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Current target is 99.6445 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 101.26700 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 105.76500 |
| 2nd High | 101.77100 |
| Next High | 101.26700 |
| Current Price | 100.31100 |
| Next Low | 100.23200 |
| 2nd Low | 98.34100 |
| 3rd Low | 98.02200 |