GBP/JPY – 4H – SELLCorrection of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 190.818332 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support zone at 197.78100 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 199.55300 |
| 2nd High | 198.43800 |
| Next High | 197.78100 |
| Current Price | 193.47300 |
| Next Low | 190.59400 |
| 2nd Low | 188.07200 |
| 3rd Low |