GBP/JPY – 30M – SELLThe combination goes from the bullish trendline downwards
A bearish trend downwards to the next support at 190.12600 is likely expected.
Caution: A possible trend reversal in the direction of resistance at 192.43100 could occur.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 191.550484 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support zone at 192.43100 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 193.48100 |
| 2nd High | 193.35400 |
| Next High | 192.43100 |
| Current Price | 192.33800 |
| Next Low | 190.12600 |
| 2nd Low | 188.70000 |
| 3rd Low | 188.16400 |