GBP/JPY – 4H – BUYCorrection of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 197.218682 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 197.78100 should always be considered.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 199.55300 |
| 2nd High | 198.43800 |
| Next High | 197.78100 |
| Current Price | 194.49600 |
| Next Low | 190.59400 |
| 2nd Low | 188.07200 |
| 3rd Low |