AUD/JPY – 30M – BUYThe currency pair breaks through the bullish trendline upwards
A continuation of the upward movement up to the next resistance level at 101.53700 is likely expected.
Caution: A possible trend reversal in the direction of the support level at 100.25600 is also possible.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 101.537 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of resistance at 101.53700 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 101.68600 |
| Next High | 101.53700 |
| Current Price | 101.47000 |
| Next Low | 100.25600 |
| 2nd Low | 100.02300 |
| 3rd Low | 100.00500 |