AUD/JPY – 30M – SELLThe combination jumps from the descending trendline downwards
A continuation of the downward movement downwards to the next support line at 99.69300 is certain.
Caution: A possible trend reversal in the direction of resistance at 100.40400 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 certain. Current target is 99.630824 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support level at 100.40400 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 | 101.41400 |
| Next High | 100.40400 |
| Current Price | 100.10400 |
| Next Low | 99.69300 |
| 2nd Low | 99.08000 |
| 3rd Low | 98.74200 |