AUD/JPY – 30M – SELLThe combination moves from the bullish trendline down.
A bearish descent down to the next support at 99.85500 is certain.
Caution: A possible trend reversal in the direction of the resistance line at 100.70200 could occur.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Target of the current trend is 99.866704 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support line at 100.70200 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 100.94700 |
| 2nd High | 100.72100 |
| Next High | 100.70200 |
| Current Price | 100.12800 |
| Next Low | 99.85500 |
| 2nd Low | 99.82300 |
| 3rd Low | 99.53300 |