AUD/JPY – 30M – SELLThe currency pair Australian Dollar/Japanese Yen (AUD/JPY) jumps from the ascending trendline down.
The bearish trend downwards to the next support level at 97.18000 is likely expected.
Caution: A possible change in the direction of the resistance line at 97.92300 could happen.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 96.929 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support line at 97.92300 could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 98.74700 |
| 2nd High | 98.73100 |
| Next High | 97.92300 |
| Current Price | 97.22800 |
| Next Low | 97.18000 |
| 2nd Low | 97.10200 |
| 3rd Low | 96.92900 |