AUD/JPY – 30M – BUYThe combination breaks through the descending trendline up.
A bullish trend upwards to the next resistance level at 100.77700 is certain.
Caution: A possible counter-trend in the direction of the support zone at 100.06400 could happen.
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 | 100.77700 |
| Current Price | 100.52500 |
| Next Low | 100.06400 |
| 2nd Low | 100.03100 |
| 3rd Low | 99.68100 |