GBP/JPY – 30M – SELLCorrection of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Target of the current trend is 188.1025 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 190.38600 could be enabled.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 193.48100 |
| 2nd High | 193.35400 |
| Next High | 190.38600 |
| Current Price | 188.85900 |
| Next Low | 188.16400 |
| 2nd Low | 186.68500 |
| 3rd Low | 185.81900 |