AUD/JPY – 30M – SELLCorrection of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Current target is 100.866 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 101.17200 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 101.30800 |
| 2nd High | 101.27700 |
| Next High | 101.17200 |
| Current Price | 101.01100 |
| Next Low | 100.72300 |
| 2nd Low | 100.68200 |
| 3rd Low | 100.45500 |