AUD/JPY – 1H – SELLThe combination Australian Dollar/Japanese Yen (AUD/JPY) moves from the ascending trendline down.
A bearish descent down to the next support at 92.55100 is expected.
Caution: A possible counter-trend in the direction of the resistance level at 93.90700 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 94.74500 |
| 2nd High | 94.71000 |
| Next High | 93.90700 |
| Current Price | 92.89700 |
| Next Low | 92.55100 |
| 2nd Low | 92.05400 |
| 3rd Low | 92.00900 |
93.90700 – 94.71000 – 94.74500 – 93.23200 – 94.19000 – 93.88900