AUD/JPY – 1H – SELLCorrection of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Target of the current trend is 100.311 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support zone at 100.94100 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 101.77100 |
| 2nd High | 101.41400 |
| Next High | 100.94100 |
| Current Price | 100.59800 |
| Next Low | 100.37700 |
| 2nd Low | 100.31400 |
| 3rd Low | 99.68100 |