AUD/JPY – 30M – SELLThe pair Australian Dollar/Japanese Yen (AUD/JPY) jumps from the descending trendline downwards
A continuation of the downward movement down to the next support line at will persist.
Caution: A possible reversal of the trend in the direction of the resistance level at 97.822 is within the realm of possibility.
Consider stop-loss settings accordingly.
In addition a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart scenario. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 98.382 |
| 2nd High | 98.125 |
| Next High | 97.822 |
| Current Price | 97.81800 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
97.822 – 98.125 – 98.382 – 97.697 – 97.802 – 97.424 — 46.323643670475 – 45.585147245361 — 6.003215706186 – 7.2928831344673 – 4.7865880027925 – 5.5829172660856