AUD/JPY – 30M – BUYThe currency pair breaks through the bearish trendline up.
An ascending movement up to the next resistance level at 100.46700 will continue.
Caution: A possible change in the direction of the support zone at 100.02300 is within the realm of possibility.
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. Target of the current trend is 100.516624 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of resistance at 100.46700 is within the realm of possibility.
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 | 100.46700 |
| Current Price | 100.39400 |
| Next Low | 100.02300 |
| 2nd Low | 100.00500 |
| 3rd Low | 99.85500 |