AUD/JPY – 30M – BUYThe pair breaks through the bearish trendline upwards
A bullish ascent upwards to the next resistance line at 100.39500 is expected.
Caution: A possible counter-trend in the direction of the support level at 99.69300 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Current target is 100.404 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance zone at 100.39500 could happen.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 101.41400 |
| 2nd High | 100.40400 |
| Next High | 100.39500 |
| Current Price | 100.20300 |
| Next Low | 99.69300 |
| 2nd Low | 99.08000 |
| 3rd Low | 98.74200 |