AUD/JPY – 30M – SELLThe currency pair goes from the ascending trendline down.
The bearish trend down to the next support line at 100.31400 will persist.
Caution: A possible counter-trend in the direction of the resistance line at 100.72400 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Target of the current trend is 100.229 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 100.72400 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 101.41400 |
| 2nd High | 100.77700 |
| Next High | 100.72400 |
| Current Price | 100.43700 |
| Next Low | 100.31400 |
| 2nd Low | 100.06400 |
| 3rd Low | 100.03100 |