GBP/JPY – 1H – BUYCorrection of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 191.987 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of resistance at 191.98700 could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 193.48100 |
| 2nd High | 193.35400 |
| Next High | 191.98700 |
| Current Price | 190.83000 |
| Next Low | 188.70000 |
| 2nd Low | 186.68500 |
| 3rd Low | 185.81900 |