AUD/JPY – 30M – SELLThe pair goes from the descending trendline downwards
A continuation of the downtrend downwards to the next support line at 100.90300 is certain.
Caution: A possible counter-trend in the direction of the resistance level at 101.30800 is within the realm of possibility.
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. Current target is 100.672124 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support level at 101.30800 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 102.28500 |
| 2nd High | 101.34900 |
| Next High | 101.30800 |
| Current Price | 100.94700 |
| Next Low | 100.90300 |
| 2nd Low | 100.13900 |
| 3rd Low | 100.02300 |