AUD/JPY – 30M – BUYThe pair goes from the bullish trendline down.
A bearish movement down to the next support level at 100.03000 is likely expected.
Caution: A possible counter-trend in the direction of the resistance line at 100.48500 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is likely expected. Current target is 100.54426 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the resistance line at 100.48500 could occur.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 100.94100 |
| 2nd High | 100.83100 |
| Next High | 100.48500 |
| Current Price | 100.40700 |
| Next Low | 100.03000 |
| 2nd Low | 99.93900 |
| 3rd Low | 99.61600 |