The pair moves from the ascending trendline down.
A descent downwards to the next support level at 98.08900 will persist.
Caution: A possible reversal of the trend in the direction of the resistance zone at 100.71800 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Target of the current trend is 98.658256 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support level at 100.71800 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Support & Resistance |
Price Range* |
3rd High |
103.11000 |
2nd High |
101.77100 |
Next High |
100.71800 |
Current Price |
99.29700 |
Next Low |
98.08900 |
2nd Low |
98.02200 |
3rd Low |
97.98100 |
Download AUD/JPY Signal Image
Trading Signals: FOREX – AUD – AUD/JPY – JPY