AUD/JPY – 30M – SELLThe currency pair goes from the bullish trendline down.
A descending movement downwards to the next support line at 100.51600 will persist.
Caution: A possible counter-trend in the direction of the resistance level at 101.42300 is also possible.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Current target is 100.448 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support level at 101.42300 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 101.68600 |
| Next High | 101.42300 |
| Current Price | 100.56300 |
| Next Low | 100.51600 |
| 2nd Low | 100.44800 |
| 3rd Low | 100.15400 |