GBP/JPY – 1H – BUYThe pair moves from the ascending trendline up.
A continuation of the uptrend upwards to the next resistance line at 186.72600 will persist.
Caution: A possible counter-trend in the direction of the support line at 183.76300 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend will persist. Target of the current trend is 187.153536 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the resistance level at 186.72600 could occur.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 188.11900 |
| 2nd High | 188.09000 |
| Next High | 186.72600 |
| Current Price | 186.71300 |
| Next Low | 183.76300 |
| 2nd Low | 183.71400 |
| 3rd Low | 182.80400 |