AUD/JPY – 30M – SELLThe combination goes from the bullish trendline downwards
A descending movement down to the next support level at 100.89600 is expected.
Caution: A possible reversal of the trend in the direction of resistance at 101.68600 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Current target is 100.92 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 101.68600 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 101.68600 |
| Current Price | 101.27000 |
| Next Low | 100.89600 |
| 2nd Low | 100.86200 |
| 3rd Low | 100.74100 |