The combination Australian Dollar/Japanese Yen (AUD/JPY) moves from the bullish trendline down.
A bearish movement downwards to the next support line at 95.86600 is certain.
Caution: A possible counter-trend in the direction of the resistance zone at 96.19500 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 96.49300 |
| Next High | 96.19500 |
| Current Price | 95.99200 |
| Next Low | 95.86600 |
| 2nd Low | 95.74100 |
| 3rd Low | 95.51600 |
96.19500 – 96.16200 – 95.87600 – 95.86600 – 95.74100 – 95.51600 — 53.183743482183 – 51.881541718056 — 42.351040139047 – 54.415910894992 – 28.596129125704 – 41.818321211734
Trading Signals: FOREX – AUD – AUD/JPY – JPY – – Rising Wedge Chart Pattern – –