AUD/JPY – 1H – SELL
The currency pair moves from the bullish trendline downwards
A bearish trend downwards to the next support at 93.41400 is considered certain.
Caution: A possible trend reversal in the direction of the resistance zone at 95.70600 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 94.662 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support level at 95.70600 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 97.04400 |
| 2nd High | 96.99700 |
| Next High | 95.70600 |
| Current Price | 93.83400 |
| Next Low | 93.41400 |
| 2nd Low | 90.13100 |
| 3rd Low |