AUD/JPY – 1H – BUYThe combination Australian Dollar/Japanese Yen (AUD/JPY) goes from the ascending trendline down.
A descending movement downwards to the next support level at 90.58300 will continue.
Caution: A possible counter-trend in the direction of resistance at 91.67700 is also possible.
Consider stop-loss settings accordingly.
Next a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. this is usually a bullish chart signal. The pair is likely to go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 93.13100 |
| 2nd High | 92.21600 |
| Next High | 91.67700 |
| Current Price | 91.27400 |
| Next Low | 90.58300 |
| 2nd Low | 90.54800 |
| 3rd Low | 89.63300 |
91.67700 – 92.21600 – 91.60000 – 90.58300 – 91.19600 – 91.33100