AUD/JPY – 30M – SELLThe combination Australian Dollar/Japanese Yen (AUD/JPY) moves from the ascending trendline downwards
A bearish movement downwards to the next support level at 94.22500 is likely expected.
Caution: A possible trend reversal in the direction of the resistance line at 94.55700 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 95.64000 |
| 2nd High | 94.88600 |
| Next High | 94.55700 |
| Current Price | 94.47800 |
| Next Low | 94.22500 |
| 2nd Low | 93.96000 |
| 3rd Low | 93.94200 |
94.55700 – 94.88600 – 94.54200 – 94.22500 – 93.96000 – 94.22600
Trading Signals: FOREX – AUD – AUD/JPY – JPY – – Double bottom retreat down