AUD/JPY – 30M – SELLThe currency pair jumps from the ascending trendline down.
A bearish descent down to the next support level at 100.86200 is expected.
Caution: A possible change in the direction of the resistance zone at 101.03500 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 101.41400 |
| Next High | 101.03500 |
| Current Price | 101.37000 |
| Next Low | 100.86200 |
| 2nd Low | 100.74100 |
| 3rd Low | 100.15400 |