AUD/JPY – 1H – BUYThe pair breaks through the ascending trendline up.
A continuation of the upward movement upwards to the next resistance line at 101.02800 will persist.
Caution: A possible reversal of the trend in the direction of the support level at 99.93900 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 101.41400 |
| Next High | 101.02800 |
| Current Price | 100.91100 |
| Next Low | 99.93900 |
| 2nd Low | 99.56600 |
| 3rd Low | 99.43000 |