GBP/JPY – 30M – BUYThe combination breaks through the ascending trendline up.
A continuation of the upward movement up to the next resistance level at 188.09000 is considered certain.
Caution: A possible reversal of the trend in the direction of the support zone at 185.81900 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 187.444 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 188.09000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 189.50400 |
| 2nd High | 188.11900 |
| Next High | 188.09000 |
| Current Price | 187.86600 |
| Next Low | 185.81900 |
| 2nd Low | 185.28300 |
| 3rd Low | 183.76300 |