AUD/JPY – 30M – SELLThe pair jumps from the descending trendline downwards
A continuation of the downward movement down to the next support at 100.49500 will persist.
Caution: A possible reversal of the trend in the direction of the resistance level at 101.26100 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 101.34900 |
| 2nd High | 101.30800 |
| Next High | 101.26100 |
| Current Price | 100.98400 |
| Next Low | 100.49500 |
| 2nd Low | 100.13900 |
| 3rd Low | 100.02300 |