AUD/JPY – 1H – BUYThe pair jumps from the bullish trendline down.
A bearish descent down to the next support at 100.00500 will persist.
Caution: A possible reversal of the trend in the direction of the resistance zone at 100.72100 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend will persist. Target of the current trend is 101.093996 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 100.72100 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 101.51900 |
| 2nd High | 100.94700 |
| Next High | 100.72100 |
| Current Price | 100.70400 |
| Next Low | 100.00500 |
| 2nd Low | 99.53300 |
| 3rd Low | 99.43000 |