GBP/JPY – 30M – SELLThe currency pair jumps from the ascending trendline downwards
A descending movement downwards to the next support line at 191.33400 will continue.
Caution: A possible counter-trend in the direction of the resistance zone at 191.98700 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke the Fibonacci 0-Level.Continuation of the current descending trend will continue. Target of the current trend is 191.084772 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support level at 191.98700 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 193.48100 |
| 2nd High | 193.35400 |
| Next High | 191.98700 |
| Current Price | 191.91100 |
| Next Low | 191.33400 |
| 2nd Low | 188.70000 |
| 3rd Low | 188.16400 |