AUD/JPY – 30M – BUYThe currency pair breaks through the ascending trendline up.
A continuation of the uptrend upwards to the next resistance level at 101.41400 is expected.
Caution: A possible trend reversal in the direction of the support level at 100.31400 could be enabled.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is expected. Target of the current trend is 100.777 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance level at 101.41400 could be enabled.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 103.11000 |
| 2nd High | 101.77100 |
| Next High | 101.41400 |
| Current Price | 100.83300 |
| Next Low | 100.31400 |
| 2nd Low | 100.06400 |
| 3rd Low | 100.03100 |