AUD/JPY – 30M – BUYThe currency pair Australian Dollar/Japanese Yen (AUD/JPY) jumps from the bullish trendline upwards
A continuation of the uptrend up to the next resistance level at 98.43800 is expected.
Caution: A possible trend reversal in the direction of the support level at 97.90200 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Target of the current trend is 98.438 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance zone at 98.43800 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 98.74700 |
| 2nd High | 98.72700 |
| Next High | 98.43800 |
| Current Price | 98.35700 |
| Next Low | 97.90200 |
| 2nd Low | 97.86300 |
| 3rd Low | 97.77900 |