The currency pair Australian Dollar/Japanese Yen (AUD/JPY) breaks through the bearish trendline upwards
An ascending movement upwards to the next resistance line at 114.293 is likely expected.
Caution: A possible reversal of the trend in the direction of the support level at 113.799 could occur.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Current target is 114.369 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 114.293 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 114.369 |
| Next High | 114.293 |
| Current Price | 114.17500 |
| Next Low | 113.799 |
| 2nd Low | 113.687 |
| 3rd Low | 113.065 |
114.293 – 114.149 – 114.369 – 113.799 – 113.687 – 113.065 —
114.08500 – 114.18100 —
54.720308834461 – 53.899099375584 —
– —
114.293 – 1776790800
Trading Signals: FOREX – AUD – AUD/JPY – JPY – – – – – – – – – –