AUD/JPY – 30M – BUYThe currency pair breaks through the bullish trendline upwards
A continuation of the uptrend up to the next resistance level at 101.41400 will continue.
Caution: A possible reversal of the trend in the direction of support at 100.86200 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend will continue. Target of the current trend is 101.035 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 101.41400 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 101.41400 |
| Current Price | 101.25600 |
| Next Low | 100.86200 |
| 2nd Low | 100.74100 |
| 3rd Low | 100.15400 |