AUD/JPY – 1H – SELLThe pair Australian Dollar/Japanese Yen (AUD/JPY) jumps from the descending trendline downwards
A continuation of the bearish trend down to the next support level at will continue.
Caution: A possible counter-trend in the direction of the resistance line at 92.68900 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart scenario. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 92.99200 |
| 2nd High | 92.93300 |
| Next High | 92.68900 |
| Current Price | 92.55500 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
92.68900 – 92.51600 – 92.93300 – 91.98800 – 92.49100 – 92.87000