AUD/JPY – 1H – SELL
The pair goes from the bullish trendline downwards
A descending movement down to the next support level at 100.31400 will continue.
Caution: A possible change in the direction of resistance at 100.77700 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Current target is 100.247 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 100.77700 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Support & Resistance | Price Range* |
---|---|
3rd High | 101.77100 |
2nd High | 101.41400 |
Next High | 100.77700 |
Current Price | 100.72300 |
Next Low | 100.31400 |
2nd Low | 99.68100 |
3rd Low | 99.08000 |