AUD/JPY – 30M – BUYThe currency pair moves from the ascending trendline up.
A continuation of the uptrend upwards to the next resistance line at 100.42900 will continue.
Caution: A possible trend reversal in the direction of the support line at 100.13800 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Current target is 100.440632 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance line at 100.42900 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 100.72100 |
| 2nd High | 100.70200 |
| Next High | 100.42900 |
| Current Price | 100.26400 |
| Next Low | 100.13800 |
| 2nd Low | 99.85500 |
| 3rd Low | 99.82300 |