AUD/JPY – 30M – BUYThe combination breaks through the ascending trendline upwards
A continuation of the bullish trend upwards to the next resistance level at 100.68000 will continue.
Caution: A possible trend reversal in the direction of the support level at 99.61600 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Current target is 100.68 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of resistance at 100.68000 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 | 100.94100 |
| Next High | 100.68000 |
| Current Price | 100.53200 |
| Next Low | 99.61600 |
| 2nd Low | 99.56600 |
| 3rd Low | 99.43000 |