AUD/JPY – 30M – BUYThe combination breaks through the bearish trendline up.
An ascent up to the next resistance line at 100.70200 is considered certain.
Caution: A possible reversal of the trend in the direction of the support line at 99.85500 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 100.644404 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 100.70200 could occur.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 100.94700 |
| 2nd High | 100.72100 |
| Next High | 100.70200 |
| Current Price | 100.35700 |
| Next Low | 99.85500 |
| 2nd Low | 99.82300 |
| 3rd Low | 99.53300 |