AUD/JPY – 1H – BUYThe combination breaks through the descending trendline up.
An ascending movement upwards to the next resistance line at 100.94100 is likely expected.
Caution: A possible counter-trend in the direction of the support level at 100.37700 could be enabled.
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 | 100.94100 |
| Current Price | 100.64600 |
| Next Low | 100.37700 |
| 2nd Low | 100.31400 |
| 3rd Low | 99.68100 |