AUD/JPY – 1H – SELLThe combination jumps from the descending trendline downwards
A continuation of the bearish trend downwards to the next support at 99.68100 is certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 100.77700 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 101.77100 |
| 2nd High | 101.41400 |
| Next High | 100.77700 |
| Current Price | 100.55000 |
| Next Low | 99.68100 |
| 2nd Low | 99.08000 |
| 3rd Low | 98.34100 |