The pair Australian Dollar/Japanese Yen (AUD/JPY) goes from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support at 94.39800 is expected.
Caution: A possible counter-trend in the direction of the resistance zone at 94.74500 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 95.64000 |
| 2nd High | 94.84800 |
| Next High | 94.74500 |
| Current Price | 94.30100 |
| Next Low | 94.39800 |
| 2nd Low | 94.05600 |
| 3rd Low | 93.94200 |
94.74500 – 94.84800 – 94.63200 – 94.39800 – 94.05600 – 94.23100
Trading Signals: FOREX – AUD – AUD/JPY – JPY – Three Outside Down – Double bottom retreat down