AUD/JPY – 30M – SELLThe pair goes from the descending trendline down.
A continuation of the downward movement downwards to the next support line at 99.61600 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 100.21800 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 99.9035 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 100.21800 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 100.94100 |
| 2nd High | 100.37700 |
| Next High | 100.21800 |
| Current Price | 100.10200 |
| Next Low | 99.61600 |
| 2nd Low | 99.56600 |
| 3rd Low | 99.43000 |