AUD/JPY – 30M – SELLThe pair moves from the bullish trendline downwards
The bearish trend down to the next support at 99.83800 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 100.37700 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 99.838 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support level at 100.37700 could occur.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 101.41400 |
| 2nd High | 100.94100 |
| Next High | 100.37700 |
| Current Price | 99.96500 |
| Next Low | 99.83800 |
| 2nd Low | 99.68100 |
| 3rd Low | 99.08000 |