The combination Australian Dollar/Japanese Yen (AUD/JPY) jumps from the descending trendline downwards
A continuation of the bearish trend downwards to the next support line at 104.617 will persist.
Caution: A possible change in the direction of the resistance line at 105.089 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Current target is 104.81 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of support at 105.089 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 105.273 |
| Next High | 105.089 |
| Current Price | 104.92600 |
| Next Low | 104.617 |
| 2nd Low | 104.458 |
| 3rd Low | 104.429 |
105.089 – 105.273 – 104.835 – 104.617 – 104.458 – 104.429 —
104.83500 – 105.07200 —
41.372526395996 – 58.931297911598 —
– —
105.08900 – 1767582000
Trading Signals: FOREX – AUD – AUD/JPY – JPY – – – – – – – – – –