AUD/JPY – 30M – SELLThe pair moves from the descending trendline down.
A continuation of the downtrend down to the next support line at 100.23200 is likely expected.
Caution: A possible change in the direction of the resistance zone at 100.63400 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 101.26700 |
| 2nd High | 100.72600 |
| Next High | 100.63400 |
| Current Price | 99.94700 |
| Next Low | 100.23200 |
| 2nd Low | 98.74200 |
| 3rd Low | 98.34100 |