AUD/JPY – 1H – SELLThe pair goes from the bullish trendline downwards
A descending movement down to the next support level at 100.31400 will continue.
Caution: A possible change in the direction of resistance at 100.77700 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Current target is 100.247 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 100.77700 could occur.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 101.77100 |
| 2nd High | 101.41400 |
| Next High | 100.77700 |
| Current Price | 100.72300 |
| Next Low | 100.31400 |
| 2nd Low | 99.68100 |
| 3rd Low | 99.08000 |