AUD/JPY – 1H – BUYCorrection of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Target of the current trend is 101.153584 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of resistance at 101.68600 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 101.68600 |
| Current Price | 100.61600 |
| Next Low | 99.93900 |
| 2nd Low | 99.56600 |
| 3rd Low | 99.43000 |