AUD/JPY – 1H – SELLThe pair goes from the bullish trendline downwards
The bearish trend downwards to the next support at 100.00500 will continue.
Caution: A possible reversal of the trend in the direction of the resistance level at 101.51900 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend will continue. 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 support line at 101.51900 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 101.68600 |
| Next High | 101.51900 |
| Current Price | 101.10700 |
| Next Low | 100.00500 |
| 2nd Low | 99.53300 |
| 3rd Low | 99.43000 |