AUD/JPY – 1H – BUYCorrection of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Target of the current trend is 100.6095 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 100.94700 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
The chart formed a ‘Three White Soldiers’ candlestick pattern, which means 3 higher candles in a row.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 101.68600 |
| 2nd High | 101.51900 |
| Next High | 100.94700 |
| Current Price | 100.24900 |
| Next Low | 99.53300 |
| 2nd Low | 99.43000 |
| 3rd Low | 99.08000 |