GBP/JPY – 30M – SELLThe combination jumps from the bearish trendline downwards
A continuation of the downtrend downwards to the next support level at 183.71400 will continue.
Caution: A possible reversal of the trend in the direction of the resistance line at 185.02600 could happen.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Target of the current trend is 183.714 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of support at 185.02600 could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 185.64000 |
| 2nd High | 185.16300 |
| Next High | 185.02600 |
| Current Price | 183.89900 |
| Next Low | 183.71400 |
| 2nd Low | 183.03900 |
| 3rd Low | 182.80400 |