AUD/JPY – 4H – SELLThe combination Australian Dollar/Japanese Yen (AUD/JPY) goes from the ascending trendline downwards
A bearish descent downwards to the next support at 96.92900 is considered certain.
Caution: A possible change in the direction of the resistance line at 99.16100 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 97.3375 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of support at 99.16100 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 102.39800 |
| 2nd High | 101.55400 |
| Next High | 99.16100 |
| Current Price | 97.88600 |
| Next Low | 96.92900 |
| 2nd Low | 95.79700 |
| 3rd Low | 95.51400 |