AUD/JPY – 30M – SELLThe combination Australian Dollar/Japanese Yen (AUD/JPY) moves from the descending trendline down.
A continuation of the downtrend downwards to the next support at 91.64600 is expected.
Caution: A possible change in the direction of the resistance zone at 92.68900 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Current target is 92.2895 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 92.68900 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 92.99200 |
| 2nd High | 92.93300 |
| Next High | 92.68900 |
| Current Price | 92.54400 |
| Next Low | 91.64600 |
| 2nd Low | 90.69100 |
| 3rd Low | 90.58300 |
92.68900 – 92.44500 – 92.51600 – 91.64600 – 92.21100 – 92.15400